Magna Terra Minerals (CVE:MTT) Trading Down 13.3% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price fell 13.3% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 479,384 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 191,104 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Stock Performance

The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The firm has a market cap of C$5.82 million, a P/E ratio of -7.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

Insider Buying and Selling

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s 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.

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.