Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – What’s Next?

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

Magna Terra Minerals Price Performance

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 business’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 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 firm’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. Company insiders own 31.70% of the company’s stock.

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.