Magna Terra Minerals (CVE:MTT) Trading Up 50% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares rose 50% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 428,991 shares traded hands during trading, an increase of 176% from the average daily volume of 155,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Down 14.3 %

The company has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.03. 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 firm has a market cap of C$4.99 million, a PE ratio of -6.00 and a beta of 1.29.

Insider Buying and Selling at Magna Terra Minerals

In other Magna Terra Minerals 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. 31.70% of the stock is owned by corporate 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.