Stock Traders Purchase High Volume of Call Options on Metalla Royalty & Streaming (NYSEAMERICAN:MTA)

Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 5,416 call options on the company. This represents an increase of approximately 2,234% compared to the typical volume of 232 call options.

Institutional Trading of Metalla Royalty & Streaming

Several institutional investors and hedge funds have recently modified their holdings of MTA. Banque Cantonale Vaudoise bought a new position in shares of Metalla Royalty & Streaming during the 4th quarter worth $31,000. Global Retirement Partners LLC acquired a new stake in Metalla Royalty & Streaming in the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Metalla Royalty & Streaming during the fourth quarter worth about $39,000. Wexford Capital LP purchased a new stake in shares of Metalla Royalty & Streaming during the third quarter valued at $41,000. Finally, PFG Investments LLC grew its stake in Metalla Royalty & Streaming by 11.9% during the 4th quarter. PFG Investments LLC now owns 11,910 shares of the company’s stock valued at $93,000 after purchasing an additional 1,263 shares during the last quarter. Institutional investors own 17.82% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank dropped their price target on Metalla Royalty & Streaming from $9.00 to $8.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Metalla Royalty & Streaming Trading Up 5.6%

Shares of Metalla Royalty & Streaming stock traded up $0.51 during trading on Friday, hitting $9.58. The stock had a trading volume of 381,052 shares, compared to its average volume of 508,247. The stock has a market cap of $895.73 million, a PE ratio of -239.25 and a beta of 1.35. The firm’s fifty day simple moving average is $7.53 and its 200-day simple moving average is $7.47. Metalla Royalty & Streaming has a 12 month low of $4.09 and a 12 month high of $9.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.45 and a quick ratio of 3.45.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.

The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.