Magna Terra Minerals (CVE:MTT) Stock Price Down 20% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT)’s share price traded down 20% during mid-day trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 200,000 shares changed hands during trading, an increase of 44% from the average session volume of 139,112 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Trading Down 13.3 %

The firm’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.04. The stock has a market cap of C$5.40 million, a P/E ratio of -6.50 and a beta of 1.29. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insider Transactions at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s 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. Insiders own 31.70% of the company’s stock.

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.