Magna Terra Minerals (CVE:MTT) Stock Price Up 50% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares were up 50% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 469,991 shares changed hands during trading, an increase of 193% from the average daily volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Down 14.3 %

The firm has a market cap of C$4.99 million, a P/E ratio of -6.00 and a beta of 1.29. The business’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insiders Place Their Bets

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the business’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 value of C$225,536.93. Insiders own 31.70% of the company’s stock.

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.