Magna Terra Minerals (CVE:MTT) Shares Down 13.3% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) traded down 13.3% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 272,384 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 171,787 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Price Performance

The firm has a market capitalization of C$5.40 million, a PE ratio of -6.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.03.

Insider Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value 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.