Magna Terra Minerals (CVE:MTT) Reaches New 12-Month High – Time to Buy?

Shares of Magna Terra Minerals Inc. (CVE:MTT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.17, with a volume of 442529 shares trading hands. The stock had previously closed at C$0.16.

Magna Terra Minerals Stock Up 12.5%

The firm has a market capitalization of C$19.46 million, a price-to-earnings ratio of -18.00 and a beta of 0.36. 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 stock has a fifty day moving average of C$0.15 and a two-hundred day moving average of 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.