Metalla Royalty & Streaming (CVE:MTA) Shares Down 2.5% – What’s Next?

Metalla Royalty & Streaming Ltd. (CVE:MTA) fell 2.5% during mid-day trading on Tuesday . The stock traded as low as C$9.82 and last traded at C$10.13. 12,456 shares were traded during mid-day trading, a decline of 72% from the average session volume of 44,032 shares. The stock had previously closed at C$10.39.

Metalla Royalty & Streaming Stock Performance

The company has a debt-to-equity ratio of 5.81, a current ratio of 2.41 and a quick ratio of 0.81. The company has a market capitalization of C$946.58 million, a price-to-earnings ratio of -337.67 and a beta of 2.82. The stock has a 50 day simple moving average of C$9.87 and a two-hundred day simple moving average of C$10.28.

Insider Activity

In related news, Director Brett Heath purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were purchased at an average price of C$8.45 per share, with a total value of C$84,500.00. Following the completion of the acquisition, the director directly owned 3,389,845 shares in the company, valued at C$28,644,190.25. This represents a 0.30% increase in their position. Insiders own 13.74% of the company’s stock.

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.