Magna Terra Minerals (CVE:MTT) Trading Up 50% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT) shares traded up 50% during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. 428,991 shares were traded during trading, an increase of 176% from the average session volume of 155,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Up 50.0 %

The stock’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The stock has a market capitalization of C$6.23 million, a PE ratio of -7.50 and a beta of 1.29. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insiders Place Their Bets

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction dated 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 insiders.

About Magna Terra Minerals

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.