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

Posted by Teresa Graham on Jan 9th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report) was down 18.2% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.05. Approximately 155,000 shares changed hands during mid-day 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 Stock Performance

The stock has a 50 day moving average of C$0.03 and a 200 day moving average of C$0.03. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The firm has a market cap of C$3.74 million, a price-to-earnings ratio of -4.50 and a beta of 1.29.

Insider Transactions at Magna Terra Minerals

In related news, insider Signal Gold Inc. sold 15,035,795 shares of the company’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 currently owned by insiders.

Magna Terra Minerals Company Profile

(Get Free Report)

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.