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

Posted by Tyrone Williams on Jan 17th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) dropped 13.3% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 250,213 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 162,682 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Stock Up 8.3 %

The stock has a market capitalization of C$5.40 million, a P/E ratio of -6.50 and a beta of 1.29. The firm has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insider Buying and Selling at Magna Terra Minerals

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

About Magna Terra Minerals

(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.