Magna Terra Minerals (CVE:MTT) Hits New 52-Week High – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s share price hit a new 52-week high on Monday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 429000 shares trading hands. The stock had previously closed at C$0.07.

Magna Terra Minerals Trading Down 12.5 %

The business’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.03. The stock has a market cap of C$5.82 million, a P/E ratio of -7.00 and a beta of 1.29. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. 31.70% of the stock is currently owned by corporate insiders.

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.