Metalla Royalty & Streaming (CVE:MTA) Shares Climb 11.8% – Still a Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s share price rose 11.8% during trading on Wednesday. The stock traded as high as C$11.18 and last traded at C$11.18. Approximately 38,161 shares were traded during trading, an increase of 17% from the average daily volume of 32,694 shares. The stock had previously closed at C$10.00.

Metalla Royalty & Streaming Price Performance

The company has a market capitalization of C$1.07 billion, a P/E ratio of -1,144.00 and a beta of 2.71. The business’s 50-day simple moving average is C$12.66 and its 200 day simple moving average is C$11.15. The company has a current ratio of 4.50, a quick ratio of 0.81 and a debt-to-equity ratio of 5.74.

Insider Activity at Metalla Royalty & Streaming

In other Metalla Royalty & Streaming news, insider Saurabh Handa sold 40,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$15.37, for a total transaction of C$622,485.00. Following the completion of the transaction, the insider directly owned 86,105 shares of the company’s stock, valued at approximately C$1,323,433.85. This trade represents a 31.99% decrease in their position. Also, Director Brett Heath sold 75,000 shares of Metalla Royalty & Streaming stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$15.52, for a total value of C$1,164,000.00. Following the transaction, the director owned 3,319,845 shares in the company, valued at approximately C$51,523,994.40. This trade represents a 2.21% decrease in their ownership of the stock. In the last three months, insiders have sold 195,000 shares of company stock worth $2,889,150. 13.74% of the stock is 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.