Metalla Royalty & Streaming (CVE:MTA) Hits New 1-Year High – Here’s Why

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.22 and last traded at C$11.13, with a volume of 8365 shares changing hands. The stock had previously closed at C$10.93.

Wall Street Analyst Weigh In

A number of brokerages have commented on MTA. Canaccord Genuity Group upped their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research report on Thursday, October 2nd. Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Metalla Royalty & Streaming presently has a consensus rating of “Buy” and an average target price of C$8.75.

Metalla Royalty & Streaming Stock Up 1.8%

The firm has a market capitalization of C$1.03 billion, a P/E ratio of -371.00 and a beta of 2.10. 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 has a 50 day simple moving average of C$9.78 and a two-hundred day simple moving average of C$7.46.

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.