Shares of Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) fell 18.2% on Monday . The stock traded as low as C$0.04 and last traded at C$0.05. 147,000 shares were traded during trading, an increase of 9% from the average session volume of 135,453 shares. The stock had previously closed at C$0.06.
Magna Terra Minerals Price Performance
The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The company has a market cap of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29. The company’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.03.
Insider Activity
In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was 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.
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.
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