Magna Terra Minerals (CVE:MTT) Reaches New 1-Year High – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT) hit a new 52-week high during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06, with a volume of 87000 shares changing hands. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 20.0 %

The stock has a market cap of C$3.32 million, a price-to-earnings ratio of -4.00 and a beta of 1.29. The business has a fifty day moving average of C$0.03 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insider Transactions at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$0.02, for a total transaction of C$225,536.93. 31.70% of the stock is currently owned by company 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.