Metalla Royalty & Streaming (CVE:MTA) Shares Down 0.3% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price fell 0.3% during mid-day trading on Monday . The stock traded as low as C$11.20 and last traded at C$11.29. 166,898 shares changed hands during trading, an increase of 207% from the average session volume of 54,315 shares. The stock had previously closed at C$11.32.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a report on Thursday, October 2nd. Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$8.75.

Metalla Royalty & Streaming Price Performance

The stock has a market capitalization of C$1.05 billion, a P/E ratio of -376.33 and a beta of 2.10. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46. The firm has a 50-day moving average price of C$10.32 and a 200 day moving average price of C$8.36.

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. The company was formerly known as Excalibur Resources Ltd. and changed its name to Metalla Royalty & Streaming Ltd. in December 2016. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.