Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) shares traded down 18.2% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares traded hands during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Performance

The firm has a market cap of C$3.74 million, a PE ratio of -4.50 and a beta of 1.29. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

Insider Buying and Selling

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s 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 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.