Metalla Royalty & Streaming (CVE:MTA) Trading Down 3.2% - Here's What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report) was down 3.2% on Thursday . The stock traded as low as C$3.97 and last traded at C$3.97. Approximately 8,033 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 20,398 shares. The stock had previously closed at C$4.10.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Metalla Royalty & Streaming to a "hold" rating in a research note on Wednesday, January 15th.

Metalla Royalty & Streaming Price Performance

The stock's 50-day moving average price is C$4.09 and its 200 day moving average price is C$4.26. 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 firm has a market capitalization of C$245.89 million, a price-to-earnings ratio of -10.98 and a beta of 1.46.

Insider Buying and Selling at Metalla Royalty & Streaming

In other news, Director James Beeby sold 18,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$3.68, for a total value of C$68,080.00. In the last quarter, insiders acquired 5,601 shares of company stock worth $22,298. 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.