Magna Terra Minerals (CVE:MTT) Trading Up 40% – Should You Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) rose 40% on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.07. Approximately 414,991 shares were traded during mid-day trading, an increase of 170% from the average daily volume of 153,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30. The firm has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03. The company has a market capitalization of C$4.99 million, a P/E ratio of -6.00 and a beta of 1.29.

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 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. 31.70% of the stock is 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.