Magna Terra Minerals (CVE:MTT) Trading 50% Higher – Here’s Why

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

Magna Terra Minerals Stock Down 14.3 %

The stock has a market capitalization of C$4.99 million, a P/E ratio of -6.00 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. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.03.

Insider Buying and Selling

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was 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.

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.