Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s share price shot up 50% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 469,991 shares traded hands 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 Trading Up 50.0 %
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 stock has a market capitalization of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.
Insider Transactions at Magna Terra Minerals
In other news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction 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 currently owned by 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.
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