Metalla Royalty & Streaming (CVE:MTA) Stock Price Down 3.2% – What’s Next?

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s share price traded down 3.2% during mid-day trading on Thursday . The company traded as low as C$3.97 and last traded at C$3.97. 8,033 shares were traded during trading, a decline of 61% from the average session volume of 20,398 shares. The stock had previously closed at C$4.10.

Analysts Set New Price Targets

Separately, Scotiabank upgraded shares of Metalla Royalty & Streaming to a “hold” rating in a research report on Wednesday, January 15th.

Metalla Royalty & Streaming Stock Performance

The company has a market cap of C$253.65 million, a P/E ratio of -11.32 and a beta of 1.46. 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 company has a 50 day moving average price of C$4.09 and a 200-day moving average price of C$4.25.

Insider Activity at Metalla Royalty & Streaming

In other news, Director Lawrence Roulston acquired 7,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were bought at an average price of C$4.15 per share, with a total value of C$31,125.00. Also, Director James Beeby sold 18,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$3.68, for a total value of C$68,080.00. Insiders purchased 11,600 shares of company stock worth $47,695 in the last 90 days. Corporate 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.