Metalla Royalty & Streaming (CVE:MTA) Stock Price Up 1.5% - Here's Why

Metalla Royalty & Streaming Ltd. (CVE:MTA - Get Free Report) shares shot up 1.5% on Monday . The stock traded as high as C$4.82 and last traded at C$4.69. 33,815 shares were traded during mid-day trading, an increase of 63% from the average session volume of 20,801 shares. The stock had previously closed at C$4.62.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTA. Scotiabank upgraded shares of Metalla Royalty & Streaming to a "hold" rating in a research report on Wednesday, January 15th. National Bank Financial upgraded shares of Metalla Royalty & Streaming to a "strong-buy" rating in a research report on Monday, October 21st.

Metalla Royalty & Streaming Stock Down 3.3 %

The stock has a market capitalization of C$298.95 million, a P/E ratio of -13.34 and a beta of 1.46. The company's 50-day moving average price is C$3.98 and its 200 day moving average price is C$4.20. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46.

Insider Activity

In related news, Director James Beeby sold 18,500 shares of Metalla Royalty & Streaming stock in a transaction dated Friday, December 27th. The shares were sold at an average price of C$3.68, for a total transaction of C$68,080.00. Also, Director Lawrence Roulston acquired 7,500 shares of the firm's stock in a transaction that occurred on 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. 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.