Magna Terra Minerals (CVE:MTT) Shares Down 27.3% – Here’s Why

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

Magna Terra Minerals Stock Performance

The stock has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The stock’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05.

Insider Transactions at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’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 company 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.