Metalla Royalty & Streaming (CVE:MTA) Stock Price Down 0.3% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price was down 0.3% during mid-day trading on Monday . The company traded as low as C$11.20 and last traded at C$11.29. Approximately 166,898 shares changed hands during trading, an increase of 207% from the average daily volume of 54,315 shares. The stock had previously closed at C$11.32.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MTA shares. Canaccord Genuity Group boosted their target price on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research note on Thursday, October 2nd. Ventum Cap Mkts raised Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$8.75.

Metalla Royalty & Streaming Trading Down 0.3%

The firm has a market cap of C$1.05 billion, a PE ratio of -376.33 and a beta of 2.10. The firm has a fifty day simple moving average of C$10.32 and a two-hundred day simple moving average of C$8.36. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 8.93.

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. The company was formerly known as Excalibur Resources Ltd. and changed its name to Metalla Royalty & Streaming Ltd. in December 2016. The company was incorporated in 1983 and is headquartered in Vancouver, Canada.