Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded down 18.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Price Performance

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 company’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The stock has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.

Insider Buying and Selling

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. 31.70% of the stock is owned by corporate insiders.

About Magna Terra Minerals

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.