Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) shares fell 18.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares traded hands during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.
Magna Terra Minerals Price Performance
The company’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03. 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 firm has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.
Insider Activity
In other 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. 31.70% of the stock is currently owned by company insiders.
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.
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