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

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded down 18.2% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during mid-day trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Trading 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 fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The firm has a market capitalization of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29.

Insider Activity at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction dated 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.

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.