Magna Terra Minerals (CVE:MTT) Hits New 12-Month High – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.08 and last traded at C$0.08, with a volume of 429000 shares changing hands. The stock had previously closed at C$0.07.

Magna Terra Minerals Trading Down 12.5 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30. The stock has a market capitalization of C$5.82 million, a price-to-earnings ratio of -7.00 and a beta of 1.29. The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.03.

Insider Activity at Magna Terra Minerals

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. 31.70% of the stock is currently owned by corporate insiders.

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.