Metalla Royalty & Streaming (NYSEMKT:MTA) Trading Down 0.7% - Here's Why

Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA - Get Free Report)'s stock price was down 0.7% on Friday . The stock traded as low as $2.95 and last traded at $3.00. Approximately 380,524 shares changed hands during trading, an increase of 30% from the average daily volume of 293,426 shares. The stock had previously closed at $3.02.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued a "sector perform" rating and issued a $4.50 price objective on shares of Metalla Royalty & Streaming in a report on Wednesday, January 15th.

Metalla Royalty & Streaming Price Performance

The stock has a market capitalization of $275.64 million, a price-to-earnings ratio of -37.25 and a beta of 1.53. The business has a fifty day moving average of $2.92 and a 200-day moving average of $3.04.

Hedge Funds Weigh In On Metalla Royalty & Streaming

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in shares of Metalla Royalty & Streaming during the 3rd quarter worth approximately $31,000. Wolverine Trading LLC boosted its stake in shares of Metalla Royalty & Streaming by 335.1% in the fourth quarter. Wolverine Trading LLC now owns 13,149 shares of the company's stock valued at $33,000 after buying an additional 10,127 shares during the period. Two Sigma Securities LLC raised its stake in Metalla Royalty & Streaming by 55.5% in the fourth quarter. Two Sigma Securities LLC now owns 15,841 shares of the company's stock valued at $40,000 after purchasing an additional 5,655 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Metalla Royalty & Streaming during the 4th quarter worth approximately $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of Metalla Royalty & Streaming in the 4th quarter valued at $49,000. 17.82% of the stock is owned by institutional investors.

Metalla Royalty & Streaming Company Profile

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.