Magna Terra Minerals (CVE:MTT) Stock Price Up 50% – What’s Next?

Posted by Patrick Bannon on Jan 17th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s share price shot up 50% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 469,991 shares were traded during trading, an increase of 193% from the average session volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Price Performance

The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03. The stock has a market capitalization of C$4.99 million, a price-to-earnings ratio of -6.00 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 Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. 31.70% of the stock is owned by insiders.

Magna Terra Minerals Company Profile

(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.