Magna Terra Minerals (CVE:MTT) Hits New 1-Year High – Still a Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) reached a new 52-week high on Friday . The stock traded as high as C$0.27 and last traded at C$0.26, with a volume of 159050 shares traded. The stock had previously closed at C$0.24.

Magna Terra Minerals Stock Up 8.3%

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 stock has a market capitalization of C$28.17 million, a PE ratio of 26.00 and a beta of 0.26. The firm has a 50 day moving average of C$0.19 and a two-hundred day moving average of C$0.17.

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.