Magna Terra Minerals (CVE:MTT) Trading 28.6% Higher – Still a Buy?

Magna Terra Minerals Inc. (CVE:MTTGet Free Report) shares traded up 28.6% during trading on Saturday . The company traded as high as C$0.09 and last traded at C$0.09. 179,922 shares traded hands during trading, an increase of 52% from the average session volume of 118,164 shares. The stock had previously closed at C$0.07.

Magna Terra Minerals Trading Up 28.6%

The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05. The firm has a market cap of C$7.48 million, a price-to-earnings ratio of -9.00 and a beta of 1.29. The business has a 50 day moving average of C$0.07 and a 200 day moving average of C$0.06.

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.

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