Magna Terra Minerals (CVE:MTT) Stock Price Up 50% – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price traded up 50% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 469,991 shares changed hands during mid-day 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 Trading Down 14.3 %

The firm has a market cap of C$4.99 million, a PE ratio of -6.00 and a beta of 1.29. The company’s fifty day moving average price is C$0.04 and its two-hundred 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.

Insiders Place Their Bets

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the 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 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.