Magna Terra Minerals (CVE:MTT) Reaches New 1-Year High – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares reached a new 52-week high on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 179000 shares trading hands. The stock had previously closed at C$0.08.

Magna Terra Minerals Price Performance

The stock has a market cap of C$6.65 million, a PE ratio of -8.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The firm has a 50-day moving average of C$0.04 and a 200-day moving average of 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 the stock in a transaction on 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 currently owned by corporate insiders.

Magna Terra Minerals Company Profile

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.