Magna Terra Minerals (CVE:MTT) Trading Down 20% – What’s Next?

Shares of Magna Terra Minerals Inc. (CVE:MTTGet Free Report) traded down 20% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 202,000 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 134,100 shares. The stock had previously closed at C$0.03.

Magna Terra Minerals Stock Down 20.0 %

The business has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.03. The company has a market capitalization of C$1.66 million, a PE ratio of -2.00 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.

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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