Magna Terra Minerals (CVE:MTT) Sets New 52-Week High – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 158460 shares trading hands. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 22.2 %

The stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The firm has a market cap of C$4.57 million, a PE ratio of -5.50 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 Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 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.