Magna Terra Minerals (CVE:MTT) Trading Up 10% – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTT) was up 10% on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 118,800 shares changed hands during trading, a decline of 18% from the average daily volume of 145,572 shares. The stock had previously closed at C$0.15.

Analyst Ratings Changes

Separately, Atrium Research raised Magna Terra Minerals to a “strong-buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Magna Terra Minerals Trading Up 10.0%

The firm has a market capitalization of C$17.83 million, a price-to-earnings ratio of -16.50 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.54 and a current ratio of 0.30. The company has a 50 day moving average price of C$0.15 and a two-hundred day moving average price of C$0.13.

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. It also holds 100% control in the Luna Roja Project located in the Santa Cruz Province, Argentina; Piedra Negra Project located in the Santa Cruz Province, Argentina; Cerro Covadonga Project located in Argentina; El Meridiano Project is located in the Deseado Massif, Santa Cruz Province; Gertrudis Project is in the north-eastern part of the Deseado Massif, Argentina; La Rosita M.D.