Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) shares fell 13.3% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 250,213 shares changed hands during trading, an increase of 54% from the average session volume of 162,682 shares. The stock had previously closed at C$0.08.
Magna Terra Minerals Stock Down 13.3 %
The firm has a market capitalization of C$5.40 million, a price-to-earnings ratio of -6.50 and a beta of 1.29. The business has a 50 day moving average of C$0.04 and a 200 day moving average of 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.
Insider Buying and Selling 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 transaction of C$225,536.93. 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.
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