Inventus Mining (CVE:IVS) Stock Price Up 5.6% – Should You Buy?

Shares of Inventus Mining Corp. (CVE:IVS) rose 5.6% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 198,049 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 119,418 shares. The stock had previously closed at C$0.27.

Inventus Mining Stock Performance

The stock has a market cap of C$66.30 million, a price-to-earnings ratio of -30.00 and a beta of 0.94. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The firm has a fifty day moving average of C$0.26 and a 200 day moving average of C$0.26.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne bought 201,000 shares of the business’s stock in a transaction on Friday, July 17th. The stock was acquired at an average cost of C$0.27 per share, with a total value of C$54,270.00. Following the purchase, the director directly owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. The trade was a 3.19% increase in their ownership of the stock. In the last three months, insiders acquired 359,500 shares of company stock valued at $95,280. 31.70% of the stock is owned by corporate insiders.

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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.