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

Magna Terra Minerals Inc. (CVE:MTT)’s share price traded down 18.2% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during mid-day 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 Stock Performance

The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is C$0.03 and its 200 day moving average is C$0.03. 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 Activity

In related news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of C$0.02, for a total transaction of C$225,536.93. Company 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.