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

Posted by Donna Armstrong on Jan 15th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) dropped 13.3% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 181,171 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 156,665 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 firm has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.03. The company has a market cap 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 news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals 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.

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.