Magna Terra Minerals (CVE:MTT) Shares Up 50% – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT) rose 50% on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares changed hands during trading, an increase of 193% from the average daily volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

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 business has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.03. The stock has a market cap of C$4.99 million, a PE ratio of -6.00 and a beta of 1.29.

Insider Buying and Selling

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

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.