Magna Terra Minerals (CVE:MTT) Stock Falls 4% – Should You Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s share price traded down 4% during mid-day trading on Monday. The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 46,965 shares were traded during mid-day trading, a decline of 49% from the average session volume of 92,997 shares. The stock had previously closed at C$0.25.

Magna Terra Minerals Stock 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 firm’s 50 day moving average is C$0.23 and its 200 day moving average is C$0.19. The company has a market capitalization of C$31.69 million, a PE ratio of 25.00 and a beta of -0.85.

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.