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

Metalla Royalty & Streaming Ltd. (CVE:MTA) hit a new 52-week high during trading on Thursday . The company traded as high as C$11.93 and last traded at C$11.90, with a volume of 14126 shares trading hands. The stock had previously closed at C$11.26.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTA. Canaccord Genuity Group raised their price target on Metalla Royalty & Streaming from C$8.25 to C$10.00 in a research note on Thursday, October 2nd. Ventum Cap Mkts raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of C$8.75.

Metalla Royalty & Streaming Price Performance

The stock has a 50 day moving average of C$10.69 and a two-hundred day moving average of C$8.70. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.81 and a current ratio of 1.46. The firm has a market capitalization of C$1.05 billion, a P/E ratio of -379.33 and a beta of 2.10.

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. 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.