Magna Terra Minerals (CVE:MTT) Trading Up 23.1% – What’s Next?

by · The Markets Daily

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) was up 23.1% on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 446,117 shares changed hands during trading, an increase of 135% from the average daily volume of 189,971 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Stock Up 15.4 %

The company has a market cap of C$6.23 million, a PE ratio of -7.50 and a beta of 1.29. The company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

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 on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. Company insiders own 31.70% of the company’s stock.

About Magna Terra Minerals

(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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