Magna Terra Minerals (CVE:MTT) Stock Price Up 50% – Time to Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) were up 50% on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares traded hands during mid-day trading, an increase of 193% from the average daily volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

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 firm has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.03. The firm has a market cap of C$4.99 million, a price-to-earnings ratio of -6.00 and a beta of 1.29.

Insider Buying and Selling at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction that occurred on 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 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.