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

Magna Terra Minerals Inc. (CVE:MTT)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$0.17 and last traded at C$0.16, with a volume of 166500 shares. The stock had previously closed at C$0.16.

Analyst Ratings Changes

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

Magna Terra Minerals Price Performance

The company’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.12. The company has a current ratio of 0.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of C$16.71 million, a P/E ratio of 16.00 and a beta of 0.82.

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.