Magna Terra Minerals (CVE:MTT) Hits New 52-Week Low at $0.05

Magna Terra Minerals Inc. (CVE:MTTGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 90000 shares. The stock had previously closed at C$0.05.

Magna Terra Minerals Stock Performance

The firm has a market capitalization of C$3.29 million and a P/E ratio of -15.00. The company’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.09. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

About Magna Terra Minerals

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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 controls 37,000 hectares of exploration rights in the mining friendly Santa Cruz province of Argentina. It also holds interest in the Great Northern and Viking projects located in Newfoundland and Labrador; and the Cape Spencer project located in New Brunswick.

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