Magna Terra Minerals (CVE:MTT) Shares Down 18.2% – Here’s What Happened

Shares of Magna Terra Minerals Inc. (CVE:MTT) dropped 18.2% during mid-day trading on Monday . 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 firm has a market capitalization of C$3.74 million, a P/E ratio of -4.50 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. The firm has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03.

Insider Activity 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 that occurred 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

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.