Magna Terra Minerals (CVE:MTT) Hits New 12-Month High – What’s Next?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.08, with a volume of 62002 shares trading hands. The stock had previously closed at C$0.09.

Magna Terra Minerals Price Performance

The stock has a market cap of C$6.65 million, a price-to-earnings ratio of -8.00 and a beta of 1.29. The company’s 50 day moving average is C$0.07 and its 200 day moving average is C$0.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54.

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.

Further Reading

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