Inventus Mining (CVE:IVS) Shares Experience Significant Decline – Is It Time to Cash Out?

Inventus Mining Corp. (CVE:IVS) saw its shares drop by 21.1% in trading on Saturday. The stock was recorded at a low of C$0.08 and ended the day at the same price. The trading volume reached 118,000 shares, which is 26% higher than the average volume of 93,681 shares. Prior to this decline, the stock had closed at C$0.10.

Inventus Mining Stock Overview

The current financial metrics of Inventus Mining reflect certain challenges. The company has a debt-to-equity ratio of 41.50, alongside a current ratio of 1.44 and a quick ratio of 0.07. With a market capitalization of C$12.60 million, it operates with a price-to-earnings (P/E) ratio of -7.00, indicating potential losses rather than earnings. Furthermore, the stock's beta is reported at 0.83, suggesting it is less volatile than the overall market. Additionally, the company’s fifty-day moving average price stands at C$0.06, and the two-hundred-day moving average is C$0.05.

Insider Activity at Inventus Mining

In a related development, Director Glen Alexander Milne made a significant investment by acquiring 577,000 shares of the company's stock on November 19. This purchase was executed at an average price of C$0.06 per share, amounting to a total investment of C$31,735. In recent quarters, insiders have collectively bought up to 1,952,000 shares valued at approximately $99,235, showing a strong insider ownership level of 31.70% in the company.

About Inventus Mining

Inventus Mining Corp. is primarily focused on the exploration and development of mineral properties across Canada. The company is particularly engaged in the search for gold and base metals. Its key projects include the Pardo Paleoplacer gold project, which spans an area of 3.8 square kilometers, along with the Sudbury 2.0 project that covers 240 square kilometers of mineral claims located in the Sudbury Mining Division of Ontario.

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Mining, Stocks, Investing