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

Magna Terra Minerals Inc. (CVE:MTT)’s share price 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. 479,384 shares changed hands during trading, an increase of 151% from the average session volume of 191,104 shares. The stock had previously closed at C$0.08.

Magna Terra Minerals Price Performance

The stock’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. 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 firm has a market capitalization of C$5.40 million, a price-to-earnings 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 business’s stock in a transaction 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 owned by corporate 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.