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

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

Wall Street Analysts Forecast Growth

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

Metalla Royalty & Streaming Price Performance

The stock’s 50-day moving average price is C$4.23 and its 200 day moving average price is C$4.15. The firm has a market capitalization of C$499.12 million, a price-to-earnings 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.

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

Insider Activity

In other news, Director Alexander Molyneux acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of C$4.35 per share, for a total transaction of C$87,000.00. Insiders acquired 24,400 shares of company stock worth $106,213 over the last three months. Insiders own 13.74% of the company’s stock.

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.