Inventus Mining (CVE:IVS) Shares Up 23.8% – Should You Buy?

Shares of Inventus Mining Corp. (CVE:IVSGet Free Report) shot up 23.8% during mid-day trading on Saturday . The company traded as high as C$0.13 and last traded at C$0.13. 626,040 shares changed hands during trading, an increase of 746% from the average session volume of 74,012 shares. The stock had previously closed at C$0.11.

Inventus Mining Stock Performance

The firm has a market capitalization of C$21.83 million, a PE ratio of -7.00 and a beta of 0.83. The business has a 50-day simple moving average of C$0.10 and a 200-day simple moving average of C$0.09. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07.

Inventus Mining Company Profile

(Get Free Report)

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.

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