Magna Terra Minerals (CVE:MTT) Shares Down 27.3% – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT)’s share price was down 27.3% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 70,000 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 109,786 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Performance

The stock has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. 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 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 related news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction that occurred 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. Insiders own 31.70% of the company’s stock.

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.