Inventus Mining (CVE:IVS) Stock Price Up 4.8% – Time to Buy?

Inventus Mining Corp. (CVE:IVS)’s share price traded 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. 179,600 shares changed hands during mid-day 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 company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The stock has a market cap of C$59.23 million, a price-to-earnings ratio of -26.80 and a beta of 0.93. The stock has a 50-day moving average price of C$0.25 and a two-hundred day moving average price of C$0.26.

Insider Activity at Inventus Mining

In related news, Director Stephan Michael Seydegart Spears sold 200,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of C$0.24, for a total value of C$48,000.00. Following the completion of the transaction, the director directly owned 2,341,509 shares of the company’s stock, valued at C$561,962.16. This trade represents a 7.87% decrease in their position. Over the last ninety days, insiders have sold 294,500 shares of company stock valued at $70,680. Company 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.