Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Time to Sell?

Posted by Trevor Kearing on Jan 6th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) dropped 18.2% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Down 18.2 %

The firm’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The company has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.

Insider Activity at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. 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.