Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT) shares dropped 18.2% 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 mid-day 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 Price Performance

The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The company has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.

Insider Buying and Selling

In related 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 stock was sold at an average price of C$0.02, for a total value of C$225,536.93. Company insiders own 31.70% of the company’s stock.

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.