Inventus Mining (CVE:IVS) Trading Up 5.6% – Still a Buy?

Inventus Mining Corp. (CVE:IVS)’s stock price shot up 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 Trading Up 5.6%

The company has a fifty day simple moving average of C$0.26 and a two-hundred day simple moving average of C$0.26. 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 company has a market capitalization of C$62.98 million, a P/E ratio of -28.50 and a beta of 0.94.

Insider Activity at Inventus Mining

In related news, Director Glen Alexander Milne acquired 201,000 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The shares were 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 owned 6,493,000 shares of the company’s stock, valued at approximately C$1,753,110. The trade was a 3.19% increase in their ownership of the stock. Over the last quarter, insiders bought 359,500 shares of company stock worth $95,280. Corporate insiders own 31.70% of the company’s stock.

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.