Magna Terra Minerals (CVE:MTT) Shares Up 50% – What’s Next?

Posted by Dante Gardener on Jan 14th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) shares shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. 469,991 shares were traded during trading, an increase of 193% from the average session volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 50.0 %

The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The stock has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

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