Inventus Mining (CVE:IVS) Shares Down 14.9% – Should You Sell?

Inventus Mining Corp. (CVE:IVS)’s share price dropped 14.9% on Thursday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 506,012 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 145,492 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

The stock has a market capitalization of C$66.59 million, a PE ratio of -32.50 and a beta of 0.34. The stock’s 50 day moving average is C$0.26 and its two-hundred day moving average is C$0.18. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Corporate insiders own 31.70% of the company’s stock.

About Inventus Mining

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.