Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) dropped 16.7% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 136,000 shares changed hands during trading, an increase of 15% from the average daily volume of 118,257 shares. The stock had previously closed at C$0.03.
Magna Terra Minerals Stock Performance
The company has a market capitalization of C$2.49 million, a PE ratio of -3.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The company’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.03.
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.
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