Magna Terra Minerals (CVE:MTT) Sets New 1-Year High – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17, with a volume of 83235 shares traded. The stock had previously closed at C$0.15.

Analyst Ratings Changes

Separately, Atrium Research raised shares of Magna Terra Minerals to a “strong-buy” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Magna Terra Minerals currently has an average rating of “Strong Buy”.

Magna Terra Minerals Price Performance

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$14.69 million, a PE ratio of 16.00 and a beta of 1.24. The stock’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.09.

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.