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

Shares of Magna Terra Minerals Inc. (CVE:MTT) fell 18.2% on Monday . The stock traded as low as C$0.04 and last traded at C$0.05. 147,000 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 135,453 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30. The stock has a market cap of C$3.74 million, a PE ratio of -4.50 and a beta of 1.29. The company’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

Insiders Place Their Bets

In related news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction 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. Corporate 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.