Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – What’s Next?

Posted by Stephan Jacobs on Jan 9th, 2025

Shares of Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) fell 18.2% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during 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 Stock Performance

The business’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is 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. 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 Buying and Selling

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

Magna Terra Minerals Company Profile

(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.