Magna Terra Minerals (CVE:MTT) Stock Price Down 16.7% – Here’s Why

Magna Terra Minerals Inc. (CVE:MTT) dropped 16.7% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 136,000 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 118,257 shares. The stock had previously closed at C$0.03.

Magna Terra Minerals Price 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 cap of C$2.49 million, a P/E ratio of -3.00 and a beta of 1.29. The business’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.03.

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.