Shares of Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) shot 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 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 company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of C$4.99 million, a price-to-earnings ratio of -6.00 and a beta of 1.29. The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.03.
Insider Activity
In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were 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.
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.
Recommended Stories
- Five stocks we like better than Magna Terra Minerals
- 3 REITs to Buy and Hold for the Long Term
- Market Volatility Ahead? These 3 ETFs Stand Out
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Bank Stocks Are on Fire; Here’s Where the Action Is Smoking Hot
- How to Use the MarketBeat Dividend Calculator
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
Receive News & Ratings for Magna Terra Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magna Terra Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
