Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Should You Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price dropped 18.2% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares were traded 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 Down 18.2 %

The company has a market capitalization of C$3.74 million, a PE ratio of -4.50 and a beta of 1.29. 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 business has a fifty day moving average of C$0.03 and a 200 day moving average of C$0.03.

Insiders Place Their Bets

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