Inventus Mining (CVE:IVS) Shares Down 15% – Here’s Why

Shares of Inventus Mining Corp. (CVE:IVS) fell 15% during trading on Friday . The company traded as low as C$0.08 and last traded at C$0.09. 198,500 shares traded hands during mid-day trading, an increase of 222% from the average session volume of 61,604 shares. The stock had previously closed at C$0.10.

Inventus Mining Trading Down 15.0 %

The business’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.08. The company has a market capitalization of C$14.28 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Inventus Mining Company Profile

Inventus Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold and base metals. It holds 100% interests in the Pardo Paleoplacer gold project covering an area of 3.8 square kilometers block of mineral leases and 180 square kilometers of mineral claims; and Sudbury 2.0 project totaling an area of 240 square kilometers of mineral claims located in Sudbury Mining Division, Ontario.