Magna Terra Minerals (CVE:MTT) Reaches New 1-Year High – What’s Next?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05, with a volume of 370000 shares changing hands. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Down 6.7 %

The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.03. The firm has a market cap of C$5.82 million, a price-to-earnings ratio of -7.00 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

In other 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 transaction of C$225,536.93. Corporate insiders own 31.70% of the company’s stock.

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.

Further Reading

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