Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT) traded down 18.2% during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares were traded during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Trading Down 18.2 %

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 company has a market capitalization of C$3.74 million, a P/E ratio of -4.50 and a beta of 1.29. The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.03.

Insiders Place Their Bets

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of Magna Terra Minerals stock in a transaction on 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.

About Magna Terra Minerals

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.