Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT) dropped 18.2% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares traded hands during mid-day 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 debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The firm has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.03.

Insider Buying and Selling at Magna Terra Minerals

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

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.