Magna Terra Minerals (CVE:MTT) Shares Up 50% – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT) rose 50% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares were traded during trading, an increase of 193% from the average daily volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a market capitalization of C$4.99 million, a PE ratio of -6.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

Insiders Place Their Bets

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 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.