Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT)’s stock price dropped 18.2% on Monday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares were traded during trading, an increase of 12% from the average daily volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Down 18.2 %

The firm has a market capitalization of C$3.74 million, a PE ratio of -4.50 and a beta of 1.29. The business’s fifty day moving average price is C$0.03 and its 200 day moving average price 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.

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 stock in a transaction on 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 owned by company 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.