Metalla Royalty & Streaming (NYSEAMERICAN:MTA) Issues Quarterly Earnings Results

Metalla Royalty & Streaming (NYSEAMERICAN:MTA) released its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Metalla Royalty & Streaming had a negative net margin of 2.82% and a negative return on equity of 0.17%.

Metalla Royalty & Streaming Trading Down 2.3%

MTA stock traded down $0.17 during midday trading on Thursday, hitting $7.54. 276,809 shares of the company’s stock were exchanged, compared to its average volume of 475,375. Metalla Royalty & Streaming has a 1-year low of $5.95 and a 1-year high of $11.60. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $710.02 million, a PE ratio of -754.90 and a beta of 1.45. The business has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $8.03.

About Metalla Royalty & Streaming

Metalla Royalty & Streaming Ltd. is a precious metals company that acquires and manages royalties, streams and other interests tied to mining projects. Its portfolio is focused primarily on gold and silver. Unlike a mining operator, Metalla generally does not run the mines associated with its interests. Instead, royalty agreements entitle it to a share of revenue or production under specified terms, while streaming agreements typically provide for the purchase of a portion of a mine’s future metal production.