Magna Terra Minerals (CVE:MTT) Sets New 12-Month High – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 31100 shares trading hands. The stock had previously closed at C$0.08.

Magna Terra Minerals Trading Up 6.3 %

The business’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.04. The company has a market cap of C$7.07 million, a P/E ratio of -8.50 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 Activity

In related news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals 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. Insiders own 31.70% of the company’s stock.

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.