Metalla Royalty & Streaming (CVE:MTA) Stock Price Up 4.1% – Should You Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s share price shot up 4.1% during mid-day trading on Wednesday . The company traded as high as C$10.20 and last traded at C$10.20. 25,157 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 31,461 shares. The stock had previously closed at C$9.80.

Wall Street Analysts Forecast Growth

MTA has been the topic of several recent research reports. Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, November 3rd. Canaccord Genuity Group upped their price target on shares of Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research note on Thursday, October 2nd. Finally, National Bankshares raised their price objective on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Metalla Royalty & Streaming has an average rating of “Buy” and an average price target of C$8.75.

Metalla Royalty & Streaming Price Performance

The business’s 50-day moving average price is C$9.32 and its 200 day moving average price is C$6.90. The company has a market capitalization of C$944.12 million, a P/E ratio of -340.00 and a beta of 2.16. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd., a precious metals royalty and streaming company, engages in the acquisition and management of gold, silver, copper royalties, streams, and related production-based interests in Canada. It operates in Australia, Argentina, Mexico, Canada, Tanzania, Ecuador, Peru, Chile, Brazil, Venezuela, and the United States.