Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.09, with a volume of 75326 shares changing hands. The stock had previously closed at C$0.08.
Magna Terra Minerals Stock Performance
The firm has a market cap of C$6.23 million, a price-to-earnings ratio of -7.50 and a beta of 1.29. The company’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 quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05.
Insider Buying and Selling
In related news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction 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.
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