Inventus Mining Shares Decline 21.1% – What You Need to Know

Recently, shares of Inventus Mining Corp. (CVE:IVS) have experienced a significant drop of 21.1% during mid-day trading on a Friday. The stock's price fell to a low of C$0.08, and it was last traded at the same price of C$0.08. During the trading session, approximately 118,000 shares changed hands, which is a noteworthy increase of 26% compared to the average trading volume of 93,681 shares. Prior to this decline, the stock had closed at C$0.10.

Price Performance Overview

Examining the price performance of Inventus Mining, the company has a fifty-day moving average of C$0.06 and a 200-day moving average of C$0.05. Furthermore, its financial metrics indicate a debt-to-equity ratio of 41.50, a quick ratio of 0.07, and a current ratio of 1.44. Currently, Inventus Mining holds a market capitalization of C$12.60 million, has a P/E ratio of -7.00, and a beta of 0.83, which suggests some volatility relative to the market.

Insider Activity

In recent insider trading news, Director Glen Alexander Milne acquired 577,000 shares of Inventus Mining on November 19th, purchasing them at an average price of C$0.06 per share. This transaction amounted to a total of C$31,735. Over the last quarter, insiders have purchased a total of 1,952,000 shares valued at approximately $99,235. Corporate insiders currently own 31.70% of the company's stock.

Company Overview

Inventus Mining Corp. focuses on the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold and base metals. It holds a 100% interest in the Pardo Paleoplacer gold project, which spans an area of 3.8 square kilometers and includes 180 square kilometers of mineral claims. Additionally, the Sudbury 2.0 project encompasses 240 square kilometers of mineral claims located in the Sudbury Mining Division of Ontario.

Additional Reading

• Five Stocks That May Be Better Investments Than Inventus Mining
• The Basics of Treasury Bonds Explained
• Buffett's Recent Acquisition in December
• Understanding Low P/E Ratios and Their Significance for Investors
• Top ETFs to Consider for Hedge Against Inflation in 2025
• Best Bank Stocks to Consider for Investment
• Three Leading Chip Stocks Worth Buying in 2025

Stay Updated on Inventus Mining News - Subscribe to receive daily updates and ratings for Inventus Mining and similar companies.

stocks, finance, mining