Magna Terra Minerals (CVE:MTT) Shares Up 40% – Here’s Why

Posted by Donald Scott on Jan 16th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s share price traded up 40% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.07. 405,991 shares traded hands during trading, an increase of 164% from the average session volume of 153,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Performance

The stock has a market capitalization of C$4.99 million, a P/E ratio of -6.00 and a beta of 1.29. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is 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 Buying and Selling

In other 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 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.