Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT)’s share price was down 18.2% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares traded 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 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 stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The firm has a market capitalization of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. 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.