Inventus Mining (CVE:IVS) Trading 7.5% Higher – Here’s Why

Shares of Inventus Mining Corp. (CVE:IVS) were up 7.5% on Monday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 223,087 shares changed hands during trading, an increase of 20% from the average daily volume of 185,576 shares. The stock had previously closed at C$0.27.

Inventus Mining Stock Up 7.5%

The company’s 50 day simple moving average is C$0.27 and its 200-day simple moving average is C$0.26. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The firm has a market capitalization of C$58.78 million, a PE ratio of -28.50 and a beta of 0.86.

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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.