Magna Terra Minerals (CVE:MTT) Trading Down 13.3% – Here’s What Happened

by · The Markets Daily

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s stock price dropped 13.3% during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 250,213 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 162,682 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Price Performance

The stock has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.03. The stock has a market cap of C$5.40 million, a price-to-earnings ratio of -6.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insider Buying and Selling at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of C$0.02, for a total value of C$225,536.93. Company insiders own 31.70% of the company’s stock.

Magna Terra Minerals Company Profile

(Get Free Report)

Magna Terra Minerals Inc engages in the acquisition and exploration of mining properties in Canada and Argentina. It explores for gold and silver deposits. The company owns 100% interest in the Viking and Great Northern Projects located in the Newfoundland and Labrador; Cape Spencer Project located in the east of the City of Saint John, New Brunswick; Hawkins Love Project located in west of the City of Saint John, New Brunswick.

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