Magna Terra Minerals (CVE:MTT) Trading Up 15.4% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price was up 15.4% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 557,617 shares traded hands during trading, an increase of 172% from the average daily volume of 204,792 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Stock Performance

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 business has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The stock has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29.

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 business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. 31.70% of the stock is currently owned by corporate insiders.

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.