Magna Terra Minerals (CVE:MTT) Shares Up 10% – What’s Next?

Magna Terra Minerals Inc. (CVE:MTT) traded up 10% during mid-day trading on Tuesday . The company traded as high as C$0.17 and last traded at C$0.17. 118,800 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 145,572 shares. The stock had previously closed at C$0.15.

Magna Terra Minerals Stock Performance

The company has a market cap of C$16.75 million, a PE ratio of -15.50 and a beta of 0.36. 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 business’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.13.

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.