Metalla Royalty & Streaming (CVE:MTA) Hits New 52-Week High – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTAGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$12.34 and last traded at C$12.29, with a volume of 10825 shares traded. The stock had previously closed at C$11.97.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Metalla Royalty & Streaming

Metalla Royalty & Streaming Stock Performance

The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 8.93. The company’s 50-day moving average is C$10.97 and its two-hundred day moving average is C$9.56. The stock has a market capitalization of C$1.14 billion, a P/E ratio of -411.33 and a beta of 2.25.

Insider Activity at Metalla Royalty & Streaming

In other news, insider Jason Cho sold 3,500 shares of Metalla Royalty & Streaming stock in a transaction that occurred on 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 sale, the insider owned 291,984 shares of the company’s stock, valued at approximately C$3,314,018.40. The trade was a 1.18% decrease in their ownership of the stock. Insiders have sold a total of 19,300 shares of company stock valued at $219,494 in the last quarter. 13.74% of the stock is currently owned by company insiders.

About Metalla Royalty & Streaming

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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.

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