Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Should You Sell?

Shares of Magna Terra Minerals Inc. (CVE:MTT) traded down 18.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. 155,000 shares traded hands during trading, an increase of 12% from the average session volume of 138,119 shares. The stock had previously closed at C$0.06.

Magna Terra Minerals Stock Down 18.2 %

The firm has a 50 day moving average of C$0.03 and a 200-day moving average 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$3.74 million, a P/E ratio of -4.50 and a beta of 1.29.

Insider Activity

In other 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 company 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.