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

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) shot up 50% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. 469,991 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 50.0 %

The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The stock has a market cap of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29. The firm has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

Insider Activity at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction 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 corporate insiders.

About Magna Terra Minerals

(Get Free Report)

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.

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