Magna Terra Minerals (CVE:MTT) Shares Up 23.1% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded up 23.1% on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. 446,117 shares changed hands during trading, an increase of 135% from the average session volume of 189,971 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Trading Up 15.4 %

The firm has a market capitalization of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29. The stock’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insiders Place Their Bets

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction that occurred 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 company 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.