Magna Terra Minerals (CVE:MTT) Trading Up 40% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s share price was up 40% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 331,965 shares traded hands during mid-day trading, an increase of 139% from the average daily volume of 138,719 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 40.0 %

The stock has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The stock has a market capitalization of C$5.82 million, a P/E ratio of -7.00 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

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 transaction 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.