Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT) traded down 18.2% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during mid-day trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Performance

The firm has a 50 day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a market cap of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29. 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 Transactions 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 stock was sold at an average price of C$0.02, for a total transaction of C$225,536.93. Corporate 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.