Metalla Royalty & Streaming (CVE:MTA) Hits New 1-Year High – Here’s Why

Metalla Royalty & Streaming Ltd. (CVE:MTA) reached a new 52-week high during trading on Tuesday . The company traded as high as C$10.85 and last traded at C$10.85, with a volume of 43091 shares. The stock had previously closed at C$10.00.

Analyst Ratings Changes

A number of research firms have weighed in on MTA. Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. National Bankshares increased their price target on Metalla Royalty & Streaming from C$7.25 to C$7.50 in a research note on Friday, August 15th. Finally, Canaccord Genuity Group raised their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$8.75.

Metalla Royalty & Streaming Price Performance

The firm has a fifty day simple moving average of C$9.64 and a two-hundred day simple moving average of C$7.27. The firm has a market cap of C$1.00 billion, a PE ratio of -361.67 and a beta of 2.10. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46.

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.