Magna Terra Minerals (CVE:MTT) Stock Price Up 40% – Time to Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) traded up 40% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 259,207 shares were traded during trading, an increase of 100% from the average session volume of 129,397 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Down 14.3 %

The business has a 50 day moving average price of C$0.04 and a 200-day moving average price of C$0.03. The firm has a market capitalization of C$4.99 million, a PE ratio of -6.00 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.

Insider Buying and Selling at Magna Terra Minerals

In other news, insider Signal Gold Inc. sold 15,035,795 shares of the firm’s stock in a transaction 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. 31.70% of the stock is 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.