Inventus Mining (CVE:IVS) Shares Down 21.1% – What’s Next?

On December 30, 2024, the share price of Inventus Mining Corp. (CVE:IVS) dropped significantly, losing 21.1% of its value. The stock hit a low of C$0.08 and ended the day at the same price. During the trading session, a total of 118,000 shares were exchanged, which is a notable increase of 26% compared to the average daily volume of 93,681 shares. Prior to this decline, the stock had closed at C$0.10.

Inventus Mining Trading Down 21.1%

The company is currently reflecting lower performance indicators, with a 50-day moving average of C$0.06 and a 200-day moving average of C$0.05. Its market capitalization stands at C$12.60 million, showcasing a negative price-to-earnings (PE) ratio of -7.00. Furthermore, the company's beta is recorded at 0.83, implying a lower volatility compared to the market. The debt-to-equity ratio is reported at 41.50, while the quick ratio is at a low 0.07. On the other hand, Inventus Mining has a stronger current ratio of 1.44, indicating better short-term financial health.

Insiders Place Their Bets

In a related development, Director Glen Alexander Milne acquired 577,000 shares on November 19, purchasing them at an average price of C$0.06 per share. This transaction amounted to a total of C$31,735. Over the past three months, company insiders have purchased a total of 1,952,000 shares valued at approximately $99,235. This insider ownership accounts for about 31.70% of the company's shares.

Inventus Mining Company Profile

Inventus Mining Corp. focuses on the acquisition, exploration, and development of mineral properties throughout Canada, particularly looking for gold and base metals. Notably, the company holds a 100% interest in the Pardo Paleoplacer gold project, which covers an area of 3.8 square kilometers in mineral leases and an extensive 180 square kilometers in mineral claims. Additionally, the Sudbury 2.0 project spans 240 square kilometers of mineral claims located in the Sudbury Mining Division of Ontario.

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