Magna Terra Minerals (CVE:MTT) Shares Up 50% – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT)’s share price was up 50% on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 468,991 shares changed hands during mid-day trading, an increase of 192% from the average daily volume of 160,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

The stock has a market cap of C$4.99 million, a price-to-earnings ratio of -6.00 and a beta of 1.29. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.03.

Insider Activity

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the 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. Corporate 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.