Inventus Mining (CVE:IVS) Shares Up 7.4% – Here’s What Happened

Inventus Mining Corp. (CVE:IVS) shot up 7.4% on Friday . The company traded as high as C$0.29 and last traded at C$0.29. 43,505 shares were traded during mid-day trading, a decline of 63% from the average session volume of 116,933 shares. The stock had previously closed at C$0.27.

Inventus Mining Price Performance

The company has a market capitalization of C$64.09 million, a PE ratio of -28.50 and a beta of 0.83. The firm has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.26. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insider Buying and Selling

In related news, Director Glen Alexander Milne acquired 201,000 shares of the stock in a transaction on Friday, July 17th. The stock was purchased at an average price of C$0.27 per share, for a total transaction of C$54,270.00. Following the completion of the transaction, the director owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. This trade represents a 3.19% increase in their position. Over the last 90 days, insiders purchased 362,500 shares of company stock valued at $96,180. 31.70% of the stock is owned by 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.