Magna Terra Minerals (CVE:MTT) Reaches New 1-Year High – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17, with a volume of 65000 shares changing hands. The stock had previously closed at C$0.16.

Analysts Set New Price Targets

Separately, Atrium Research upgraded Magna Terra Minerals to a “strong-buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy”.

View Our Latest Stock Report on MTT

Magna Terra Minerals Trading Up 6.5%

The firm has a market capitalization of C$15.15 million, a price-to-earnings ratio of 16.50 and a beta of 1.24. The company has a fifty day moving average price of C$0.13 and a 200-day moving average price of C$0.10. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Magna Terra Minerals Company Profile

(Get Free Report)

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.

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