Magna Terra Minerals (CVE:MTT) Shares Up 50% – Should You Buy?

Posted by Doug Madison on Jan 15th, 2025

Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s share price traded up 50% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 469,991 shares traded hands during trading, an increase of 193% from the average session volume of 160,628 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Trading Up 50.0 %

The stock has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The firm has a market capitalization of C$6.23 million, a P/E ratio of -7.50 and a beta of 1.29. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling at Magna Terra Minerals

In other Magna Terra Minerals news, insider Signal Gold Inc. sold 15,035,795 shares of the business’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. Corporate insiders own 31.70% of the company’s stock.

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.