Metalla Royalty & Streaming (CVE:MTA) Hits New 52-Week High – Time to Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.45 and last traded at C$5.45, with a volume of 46817 shares trading hands. The stock had previously closed at C$5.29.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Tuesday, October 1st.

Metalla Royalty & Streaming Price Performance

The firm has a market cap of C$499.12 million, a PE ratio of -35.27 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.03. The stock has a 50 day moving average price of C$4.23 and a two-hundred day moving average price of C$4.15.

Metalla Royalty & Streaming (CVE:MTA) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share for the quarter. Metalla Royalty & Streaming had a negative return on equity of 3.75% and a negative net margin of 150.82%. The business had revenue of C$1.20 million for the quarter, compared to analysts’ expectations of C$2.19 million. As a group, equities analysts expect that Metalla Royalty & Streaming Ltd. will post 0.0351466 earnings per share for the current year.

Insider Activity

In related news, Director Alexander Molyneux bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of C$4.35 per share, with a total value of C$87,000.00. Insiders have acquired 24,400 shares of company stock valued at $106,213 in the last ninety days. 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.