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

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

Magna Terra Minerals Price Performance

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 company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.03. The stock has a market capitalization of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.

Insiders Place Their Bets

In other Magna Terra Minerals 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.

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.