Inventus Mining (CVE:IVS) Reaches New 1-Year High – Still a Buy?

Shares of Inventus Mining Corp. (CVE:IVS) hit a new 52-week high on Wednesday . The company traded as high as C$0.09 and last traded at C$0.08, with a volume of 45000 shares traded. The stock had previously closed at C$0.09.

Inventus Mining Stock Down 5.9 %

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 stock has a market capitalization of C$13.44 million, a PE ratio of -7.00 and a beta of 0.83. The company has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.05.

Insider Activity at Inventus Mining

In other news, Director Glen Alexander Milne acquired 577,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders have purchased a total of 1,952,000 shares of company stock worth $99,235 over the last quarter. Corporate insiders own 31.70% of the company’s stock.

Inventus Mining Company Profile

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.