Shares of Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) fell 16.7% on Tuesday . The company traded as low as C$0.07 and last traded at C$0.08. 685,512 shares traded hands during trading, an increase of 488% from the average session volume of 116,676 shares. The stock had previously closed at C$0.09.
Magna Terra Minerals Stock Performance
The stock’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.07. 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 firm has a market cap of C$6.23 million, a price-to-earnings ratio of -7.50 and a beta of 1.29.
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.
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