Magna Terra Minerals (CVE:MTT) Reaches New 1-Year Low – Here’s Why

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 32000 shares traded. The stock had previously closed at C$0.03.

Magna Terra Minerals Trading Up 25.0 %

The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The company has a market cap of C$2.08 million, a price-to-earnings ratio of -2.50 and a beta of 1.29. The firm has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03.

About Magna Terra Minerals

(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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