Magna Terra Minerals (CVE:MTT) Reaches New 52-Week High – Time to Buy?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as C$0.17 and last traded at C$0.17, with a volume of 95500 shares trading hands. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Magna Terra Minerals

Magna Terra Minerals Stock Up 9.7%

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 firm has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.12. The firm has a market cap of C$18.33 million, a price-to-earnings ratio of 16.00 and a beta of 0.82.

Magna Terra Minerals Company Profile

(Get Free Report)

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.

Further Reading

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