Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Should You Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price fell 18.2% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares traded hands during mid-day 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 market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. 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 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03.

Insider Activity at Magna Terra Minerals

In other Magna Terra Minerals 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. Insiders own 31.70% of the company’s stock.

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.