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

Shares of Magna Terra Minerals Inc. (CVE:MTT) fell 18.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares changed 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 Trading Down 18.2 %

The firm has a market cap of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29. The firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insider Buying and Selling

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. 31.70% of the stock is owned by company 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.