Metalla Royalty & Streaming (CVE:MTA) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Metalla Royalty & Streaming (CVE:MTA) to a strong-buy rating in a report issued on Tuesday, Zacks.com reports.

Metalla Royalty & Streaming Trading Down 0.7 %

Shares of CVE:MTA opened at C$4.39 on Tuesday. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.81 and a quick ratio of 0.81. Metalla Royalty & Streaming has a 1 year low of C$3.13 and a 1 year high of C$4.90. The company has a market capitalization of C$402.78 million, a P/E ratio of -29.27 and a beta of 1.46. The business’s 50 day simple moving average is C$4.02 and its 200 day simple moving average is C$4.10.

Metalla Royalty & Streaming (CVE:MTA) last posted its earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$1.20 million for the quarter, compared to the consensus estimate of C$2.19 million. Metalla Royalty & Streaming had a negative return on equity of 3.75% and a negative net margin of 150.82%. On average, research analysts anticipate that Metalla Royalty & Streaming will post 0.0351466 EPS for the current fiscal year.

Insider Buying and Selling

In other Metalla Royalty & Streaming news, Director Alexander Molyneux purchased 20,000 shares of Metalla Royalty & Streaming stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of C$4.35 per share, for a total transaction of C$87,000.00. 13.73% of the stock is owned by insiders.

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.