Magna Terra Minerals (CVE:MTT) Trading Up 50% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) shares shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. 469,991 shares changed hands during trading, an increase of 193% from the average session volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 50.0 %

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 has a 50 day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The firm has a market capitalization of C$6.23 million, a PE ratio of -7.50 and a beta of 1.29.

Insider Buying and Selling

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$0.02, for a total transaction of C$225,536.93. 31.70% of the stock is 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.