Magna Terra Minerals (CVE:MTT) Trading Up 12.9% – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT)’s share price rose 12.9% during trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 277,050 shares were traded during mid-day trading, an increase of 228% from the average daily volume of 84,391 shares. The stock had previously closed at C$0.15.

Magna Terra Minerals Trading Up 12.9%

The stock has a market capitalization of C$18.96 million, a PE ratio of 17.50 and a beta of -0.08. 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 company has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16.

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. 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.