Magna Terra Minerals (CVE:MTT) Stock Price Down 27.3% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) shares were down 27.3% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 70,000 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 109,786 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Trading Down 18.2 %

The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The firm has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The company has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

Insider Buying and Selling

In other Magna Terra Minerals 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 shares were sold at an average price of C$0.02, for a total value of C$225,536.93. Company insiders own 31.70% of the company’s stock.

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.