Magna Terra Minerals (CVE:MTT) Trading Up 15.4% – Here’s Why

Shares of Magna Terra Minerals Inc. (CVE:MTT) rose 15.4% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 557,617 shares traded hands during mid-day trading, an increase of 172% from the average daily volume of 204,792 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Price Performance

The firm has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29. The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

Insider Activity at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s 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 owned by corporate 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.