Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT)’s share price fell 18.2% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares changed hands during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Price Performance

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. The company’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insider Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were 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.

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.