Magna Terra Minerals (CVE:MTT) Stock Price Down 6.7% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) shares were down 6.7% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 460,384 shares changed hands during mid-day trading, an increase of 167% from the average daily volume of 172,604 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Trading Up 8.3 %

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 company’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The firm has a market capitalization of C$5.40 million, a PE ratio of -6.50 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 company’s stock in a transaction that occurred 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 owned by 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.