Magna Terra Minerals (CVE:MTT) Shares Up 40% – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s share price shot up 40% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 331,965 shares traded hands during trading, an increase of 139% from the average session volume of 138,719 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

The company’s 50-day moving average price is C$0.04 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$4.99 million, a PE ratio of -6.00 and a beta of 1.29.

Insider Buying and Selling 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 that occurred 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.