Magna Terra Minerals (CVE:MTT) Trading 40% Higher – Should You Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) were up 40% on Tuesday . The company traded as high as C$0.08 and last traded at C$0.07. Approximately 405,991 shares were traded during trading, an increase of 164% from the average daily volume of 153,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Up 50.0 %

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 firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The firm has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29.

Insider Buying and Selling

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction dated 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 company 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.