Metalla Royalty & Streaming (CVE:MTA) Stock Price Up 4.1% – Here’s Why

Metalla Royalty & Streaming Ltd. (CVE:MTA) rose 4.1% on Wednesday . The company traded as high as C$10.20 and last traded at C$10.20. Approximately 25,157 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 31,461 shares. The stock had previously closed at C$9.80.

Analyst Ratings Changes

MTA has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research report on Thursday, October 2nd. National Bankshares raised their target price on shares of Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research note on Friday, August 15th. Finally, Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$8.75.

Metalla Royalty & Streaming Stock Performance

The company has a debt-to-equity ratio of 8.93, a current ratio of 1.46 and a quick ratio of 0.81. The company has a 50 day simple moving average of C$9.32 and a 200-day simple moving average of C$6.90. The firm has a market cap of C$944.12 million, a PE ratio of -340.00 and a beta of 2.16.

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.