Metalla Royalty & Streaming (CVE:MTA) Reaches New 52-Week High – Should You Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA) hit a new 52-week high during trading on Tuesday . The company traded as high as C$12.71 and last traded at C$12.71, with a volume of 5203 shares changing hands. The stock had previously closed at C$12.50.

Metalla Royalty & Streaming Price Performance

The stock has a 50 day moving average of C$10.47 and a two-hundred day moving average of C$10.28. The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.81 and a current ratio of 3.45. The firm has a market capitalization of C$1.18 billion, a P/E ratio of -323.85 and a beta of 2.88.

Insider Activity at Metalla Royalty & Streaming

In other news, Director Brett Heath acquired 5,000 shares of Metalla Royalty & Streaming stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of C$8.72 per share, for a total transaction of C$43,600.00. Following the completion of the purchase, the director owned 3,394,845 shares of the company’s stock, valued at C$29,603,048.40. This represents a 0.15% increase in their ownership of the stock. 13.74% of the stock is currently owned by corporate insiders.

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.