Magna Terra Minerals (CVE:MTT) Shares Up 12.9% – Should You Buy?

Magna Terra Minerals Inc. (CVE:MTT) shares traded up 12.9% during mid-day trading on Monday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 277,050 shares traded hands during mid-day trading, an increase of 228% from the average session volume of 84,391 shares. The stock had previously closed at C$0.15.

Magna Terra Minerals Trading Up 11.8%

The stock has a market cap of C$20.59 million, a PE ratio of 19.00 and a beta of -0.08. The business’s fifty day moving average is C$0.16 and its 200 day moving average is C$0.16. The company has a quick ratio of 0.54, a current ratio of 0.30 and a debt-to-equity ratio of 0.05.

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.