Magna Terra Minerals (CVE:MTT) Reaches New 52-Week High – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTT) hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 31100 shares changing hands. The stock had previously closed at C$0.08.

Magna Terra Minerals Stock Performance

The stock has a fifty day moving average price of C$0.06 and a 200 day moving average price of C$0.04. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The firm has a market cap of C$6.23 million, a price-to-earnings ratio of -7.50 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 Magna Terra Minerals stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$0.02, for a total transaction of C$225,536.93. Company insiders own 31.70% of the company’s stock.

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.