Metalla Royalty & Streaming (CVE:MTA) Trading 0.5% Higher – Here’s Why

Shares of Metalla Royalty & Streaming Ltd. (CVE:MTA) were up 0.5% on Tuesday . The stock traded as high as C$10.30 and last traded at C$10.24. Approximately 91,004 shares changed hands during trading, an increase of 56% from the average daily volume of 58,265 shares. The stock had previously closed at C$10.19.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Metalla Royalty & Streaming currently has an average rating of “Strong Buy” and an average price target of C$8.75.

Metalla Royalty & Streaming Stock Up 0.5%

The firm has a market capitalization of C$947.82 million, a P/E ratio of -341.33 and a beta of 2.25. 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’s 50-day moving average is C$10.90 and its 200 day moving average is C$9.34.

Insider Buying and Selling at Metalla Royalty & Streaming

In other news, insider Jason Cho sold 3,500 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$11.35, for a total transaction of C$39,725.00. Following the completion of the transaction, the insider directly owned 291,984 shares of the company’s stock, valued at C$3,314,018.40. This represents a 1.18% decrease in their ownership of the stock. Insiders sold 19,300 shares of company stock worth $219,494 over the last ninety days. 13.74% of the stock is owned by corporate insiders.

Metalla Royalty & Streaming Company Profile

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.