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

Magna Terra Minerals Inc. (CVE:MTT)’s share price traded down 18.2% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during mid-day 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 business’s fifty day moving average is C$0.03 and its 200-day 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. The firm has a market cap of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29.

Insider Buying and Selling at Magna Terra Minerals

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

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.