Magna Terra Minerals (CVE:MTT) Trading 23.1% Higher – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTT) traded up 23.1% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. 446,117 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 189,971 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Price Performance

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 stock has a market capitalization of C$6.23 million, a price-to-earnings ratio of -7.50 and a beta of 1.29. The company’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.03.

Insider Activity at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s 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.