Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Should You Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s share price was down 18.2% during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares changed hands during trading, an increase of 12% from the average daily volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Down 18.2 %

The company’s 50-day moving average price is C$0.03 and its 200 day moving average price 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 stock has a market cap of C$3.74 million, a PE ratio of -4.50 and a beta of 1.29.

Insider Activity at Magna Terra Minerals

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