Magna Terra Minerals (CVE:MTT) Hits New 52-Week High – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27, with a volume of 185345 shares changing hands. The stock had previously closed at C$0.27.

Magna Terra Minerals Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The business has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.17. The company has a market capitalization of C$29.26 million, a price-to-earnings ratio of 27.00 and a beta of 0.26.

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. It also holds 100% control in the Luna Roja Project located in the Santa Cruz Province, Argentina; Piedra Negra Project located in the Santa Cruz Province, Argentina; Cerro Covadonga Project located in Argentina; El Meridiano Project is located in the Deseado Massif, Santa Cruz Province; Gertrudis Project is in the north-eastern part of the Deseado Massif, Argentina; La Rosita M.D.