Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Should You Sell?

Shares of Magna Terra Minerals Inc. (CVE:MTT) were down 18.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Down 18.2 %

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 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03. 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.

Insiders Place Their Bets

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the 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. 31.70% of the stock is currently owned by company insiders.

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.