Magna Terra Minerals Inc. (CVE:MTT – Get Free Report)’s stock price traded down 4% on Monday. The stock traded as low as C$0.24 and last traded at C$0.24. 46,965 shares changed hands during trading, a decline of 49% from the average daily volume of 92,997 shares. The stock had previously closed at C$0.25.
Magna Terra Minerals Stock Down 4.0%
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 firm’s 50-day moving average price is C$0.23 and its 200 day moving average price is C$0.19. The firm has a market capitalization of C$30.43 million, a price-to-earnings ratio of 24.00 and a beta of -0.85.
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. 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.
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