Magna Terra Minerals (CVE:MTT) Trading Up 40% – Here’s What Happened

Shares of Magna Terra Minerals Inc. (CVE:MTT) traded up 40% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.07. 405,991 shares changed hands during mid-day trading, an increase of 164% from the average session volume of 153,517 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Up 50.0 %

The firm’s 50 day moving average is C$0.03 and its 200 day moving average is C$0.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.30 and a quick ratio of 0.54. The company has a market cap of C$6.23 million, a PE ratio of -7.50 and a beta of 1.29.

Insider Buying and Selling

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 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 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.