Magna Terra Minerals (CVE:MTT) Trading 50% Higher – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT) rose 50% on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares traded hands 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 Price Performance

The business has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.03. 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 has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction 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. Company insiders own 31.70% of the company’s stock.

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.