Magna Terra Minerals (CVE:MTT) Shares Down 9.1% – Time to Sell?

Magna Terra Minerals Inc. (CVE:MTT)’s share price dropped 9.1% during trading on Friday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 302,340 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 143,979 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

Separately, Atrium Research raised shares of Magna Terra Minerals to a “strong-buy” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Magna Terra Minerals has a consensus rating of “Strong Buy”.

Magna Terra Minerals Trading Down 9.1%

The firm has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.13. 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$16.21 million, a price-to-earnings ratio of -15.00 and a beta of 0.36.

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.