Magna Terra Minerals (CVE:MTT) Trading Down 18.2% – Here’s What Happened

Shares of Magna Terra Minerals Inc. (CVE:MTT) were down 18.2% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 147,000 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 135,453 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Price Performance

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 capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The company’s 50 day moving average is C$0.03 and its 200-day moving average is C$0.03.

Insider Activity

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total value of C$225,536.93. Insiders own 31.70% of the company’s stock.

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.