Magna Terra Minerals (CVE:MTT) Trading Up 50% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) shares rose 50% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares traded hands during trading, an increase of 193% from the average daily volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Down 14.3 %

The company has a market capitalization of C$4.99 million, a price-to-earnings ratio of -6.00 and a beta of 1.29. 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 business’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03.

Insider Activity

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. Corporate 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.