Magna Terra Minerals (CVE:MTT) Stock Price Up 15.4% – Here’s What Happened

by · The Cerbat Gem

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s share price was up 15.4% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 557,617 shares traded hands during mid-day trading, an increase of 172% from the average daily volume of 204,792 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Price Performance

The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.03. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The firm has a market cap of C$6.23 million, a PE ratio of -7.50 and a beta of 1.29.

Insider Activity

In other news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction dated Tuesday, December 3rd. The stock was 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.

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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