Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded down 18.2% on Monday . The company 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 Trading Down 18.2 %

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 company has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The business’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 other news, insider Signal Gold Inc. sold 15,035,795 shares of the business’s 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 currently owned by 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.