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

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

Magna Terra Minerals Stock Down 6.7 %

The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of C$5.82 million, a price-to-earnings ratio of -7.00 and a beta of 1.29. The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.03.

Insiders Place Their Bets

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction 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.

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.