Magna Terra Minerals (CVE:MTT) Trading 100% Higher – Should You Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTTGet Free Report) traded up 100% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 1,781,750 shares were traded during trading, an increase of 1,153% from the average session volume of 142,168 shares. The stock had previously closed at C$0.02.

Magna Terra Minerals Trading Up 100.0 %

The firm has a market capitalization of C$3.32 million, a PE ratio of -2.00 and a beta of 1.29. The business has a 50 day moving average price of C$0.02 and a 200-day moving average price of 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.

About Magna Terra Minerals

(Get Free Report)

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.

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