Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s stock price shot up 50% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 469,991 shares were traded during mid-day 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 Stock Performance
The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The stock has a market capitalization of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29.
Insider Buying and Selling at Magna Terra Minerals
In other 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 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.
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