Magna Terra Minerals (CVE:MTT) Hits New 12-Month Low at $0.02

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Magna Terra Minerals Inc (CVE:MTT)’s stock price hit a new 52-week low on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 9000 shares trading hands. The stock had previously closed at C$0.03.

The company has a debt-to-equity ratio of 4.81, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $1.75 million and a price-to-earnings ratio of -5.00. The firm’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03.

About Magna Terra Minerals (CVE:MTT)

Magna Terra Minerals Inc engages in the acquisition, exploration, and retention of mineral property assets. The company primarily explores for gold, copper, zinc, and silver deposits. The company controls 103,000 hectares of exploration rights in the mining friendly Santa Cruz province of Argentina. It also has three early stage exploration properties in the province of Quebec, Canada.

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