Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price was down 18.2% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Price Performance

The firm has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The stock’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insider Activity at Magna Terra Minerals

In related 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 stock was 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.