Magna Terra Minerals (CVE:MTT) Stock Price Up 10% – Here’s What Happened

Magna Terra Minerals Inc. (CVE:MTT) shares rose 10% during mid-day trading on Monday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 89,226 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 180,913 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

Magna Terra Minerals Trading Down 2.9%

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 company has a fifty day moving average of C$0.15 and a 200-day moving average of C$0.12. The firm has a market capitalization of C$18.37 million, a PE ratio of -17.00 and a beta of 0.36.

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.