Magna Terra Minerals (CVE:MTT) Sets New 12-Month High – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT) reached a new 52-week high during mid-day 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 Up 6.3 %

The stock’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.04. The stock has a market cap of C$7.07 million, a P/E ratio of -8.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30.

Insider Activity

In other 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 shares were sold at an average price of C$0.02, for a total value of C$225,536.93. Corporate 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.