Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – What’s Next?

Posted by Patrick Bannon on Jan 6th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s stock price was down 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 traded 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 Trading Down 18.2 %

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

Insiders Place Their Bets

In related 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 value of C$225,536.93. 31.70% of the stock is currently owned by corporate insiders.

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.