Inventus Mining (CVE:IVS) Trading Up 4.8% – Here’s Why

Inventus Mining Corp. (CVE:IVS) shares were up 4.8% during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.26. Approximately 179,600 shares traded hands during trading, an increase of 50% from the average daily volume of 119,933 shares. The stock had previously closed at C$0.25.

Inventus Mining Price Performance

The firm has a market capitalization of C$59.23 million, a P/E ratio of -26.80 and a beta of 0.93. The stock’s 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.26. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insider Activity

In other news, Director Stephan Michael Seydegart Spears sold 200,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of C$0.24, for a total transaction of C$48,000.00. Following the transaction, the director owned 2,341,509 shares in the company, valued at approximately C$561,962.16. This trade represents a 7.87% decrease in their ownership of the stock. Over the last 90 days, insiders sold 294,500 shares of company stock worth $70,680. 31.70% of the stock is currently owned by corporate insiders.

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