Magna Terra Minerals (CVE:MTT) Hits New 1-Year High – What’s Next?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05, with a volume of 370000 shares changing hands. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Performance

The company has a market cap of C$4.16 million, a PE ratio of -5.00 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 business has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03.

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 dated 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

(Get Free Report)

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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