Magna Terra Minerals (CVE:MTT) Trading Up 40% – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) shares shot up 40% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.07. 414,991 shares changed hands during trading, an increase of 170% from the average session volume of 153,517 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 P/E ratio of -6.00 and a beta of 1.29. The company’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

Insider Buying and Selling at Magna Terra Minerals

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. Insiders own 31.70% of the company’s stock.

Magna Terra Minerals Company Profile

(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.

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