Magna Terra Minerals (CVE:MTT) Stock Price Down 13.3% – Time to Sell?

Posted by Donald Scott on Jan 15th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) traded down 13.3% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 250,213 shares were traded during trading, an increase of 54% from the average session volume of 162,682 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Stock Performance

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 stock has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a market capitalization of C$5.40 million, a P/E ratio of -6.50 and a beta of 1.29.

Insider Activity 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 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 currently owned by insiders.

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.