Metalla Royalty & Streaming (CVE:MTA) Trading 4.1% Higher – Here’s Why

Metalla Royalty & Streaming Ltd. (CVE:MTA) traded up 4.1% during trading on Wednesday . The company traded as high as C$10.20 and last traded at C$10.20. 25,157 shares changed hands during trading, a decline of 20% from the average session volume of 31,461 shares. The stock had previously closed at C$9.80.

Wall Street Analyst Weigh In

Several research firms have commented on MTA. Canaccord Genuity Group lifted their price target on shares of Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research note on Thursday, October 2nd. Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, November 3rd. Finally, National Bankshares boosted their price target on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$8.75.

Metalla Royalty & Streaming Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 8.93. The stock has a market cap of C$941.35 million, a P/E ratio of -339.00 and a beta of 2.16. The firm’s fifty day moving average price is C$9.41 and its 200-day moving average price is C$6.96.

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.