Magna Terra Minerals (CVE:MTT) Stock Price Down 2.1% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price dropped 2.1% during mid-day trading on Monday. The company traded as low as C$0.23 and last traded at C$0.23. 56,536 shares changed hands during trading, a decline of 37% from the average session volume of 89,905 shares. The stock had previously closed at C$0.23.

Magna Terra Minerals Stock Performance

The stock has a market capitalization of C$25.36 million, a PE ratio of 20.00 and a beta of 0.51. The firm’s fifty day moving average is C$0.25 and its 200-day moving average is C$0.19. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

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. 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. Project located in the south-western corner of the Deseado Massif, Argentina; Siagnos located in the Santa Cruz Province, Argentina; and Boleadora Group of properties located in Santa Cruz Province, Argentina.