Magna Terra Minerals (CVE:MTT) Stock Price Down 27.3% – Time to Sell?

Shares of Magna Terra Minerals Inc. (CVE:MTT) were down 27.3% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 70,000 shares were traded during trading, a decline of 36% from the average daily volume of 109,786 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Performance

The company has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The firm has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 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.

Insider Activity

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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.