Metalla Royalty & Streaming (CVE:MTA) Stock Price Down 1.2% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price was down 1.2% on Thursday . The stock traded as low as C$10.55 and last traded at C$10.82. 8,482 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 34,163 shares. The stock had previously closed at C$10.95.

Metalla Royalty & Streaming Stock Performance

The company has a quick ratio of 0.81, a current ratio of 3.45 and a debt-to-equity ratio of 5.69. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of -277.44 and a beta of 2.89. The company has a 50 day simple moving average of C$10.17 and a 200 day simple moving average of C$10.31.

Insider Activity

In related news, Director Brett Heath acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of C$8.72 per share, for a total transaction of C$43,600.00. Following the transaction, the director directly owned 3,394,845 shares in the company, valued at C$29,603,048.40. This trade represents a 0.15% increase in their ownership of the stock. Company 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. 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.