Magna Terra Minerals (CVE:MTT) Stock Price Down 18.2% – Time to Sell?

Shares of Magna Terra Minerals Inc. (CVE:MTT) fell 18.2% on Monday . The stock 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 Performance

The company has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29. The company’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

Insider Buying and Selling

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$0.02, for a total transaction of C$225,536.93. Insiders own 31.70% of the company’s stock.

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.