Magna Terra Minerals (CVE:MTT) Shares Up 7.4% – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares traded up 7.4% on Thursday . The company traded as high as C$0.30 and last traded at C$0.29. Approximately 121,819 shares changed hands during trading, an increase of 30% from the average session volume of 93,516 shares. The stock had previously closed at C$0.27.

Magna Terra Minerals Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30. The company has a market capitalization of C$31.97 million, a PE ratio of 29.50 and a beta of 0.26. The company has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.18.

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. 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.