Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded down 18.2% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05. 155,000 shares changed hands during mid-day 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 firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$3.74 million, a price-to-earnings 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.

Insider Buying and Selling

In related 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 value of C$225,536.93. 31.70% of the stock is owned by corporate 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.