Metalla Royalty & Streaming (CVE:MTA) Stock Price Up 11.8% – Should You Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA – Get Free Report)’s stock price was up 11.8% on Wednesday. The stock traded as high as C$11.18 and last traded at C$11.18. 38,161 shares traded hands during trading, an increase of 17% from the average daily volume of 32,694 shares. The stock had previously closed at C$10.00.

Metalla Royalty & Streaming Price Performance

The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.81 and a current ratio of 4.50. The firm has a market cap of C$1.05 billion, a price-to-earnings ratio of -1,118.00 and a beta of 2.79. The stock’s 50 day simple moving average is C$12.82 and its 200-day simple moving average is C$11.15.

Insider Buying and Selling at Metalla Royalty & Streaming

In related news, insider Saurabh Handa sold 40,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of C$15.37, for a total value of C$622,485.00. Following the transaction, the insider directly owned 86,105 shares of the company’s stock, valued at C$1,323,433.85. This represents a 31.99% decrease in their position. Also, Director Brett Heath sold 75,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$15.52, for a total value of C$1,164,000.00. Following the completion of the transaction, the director directly owned 3,319,845 shares in the company, valued at C$51,523,994.40. This represents a 2.21% decrease in their ownership of the stock. Insiders have sold 195,000 shares of company stock valued at $2,889,150 over the last quarter. Insiders own 13.74% of the company’s stock.

About Metalla Royalty & Streaming

(Get Free Report)

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.

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