Metalla Royalty & Streaming (CVE:MTA) Sets New 1-Year High – Should You Buy?

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$5.45 and last traded at C$5.45, with a volume of 46817 shares. The stock had previously closed at C$5.29.

Analysts Set New Price Targets

MTA has been the subject of a number of research analyst reports. Canaccord Genuity Group raised Metalla Royalty & Streaming to a “strong-buy” rating in a research note on Tuesday, October 1st. National Bank Financial upgraded Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday.

Metalla Royalty & Streaming Price Performance

The company’s 50-day moving average price is C$4.33 and its 200-day moving average price is C$4.17. The company has a market cap of C$472.51 million, a P/E ratio of -34.33 and a beta of 1.46. 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 (CVE:MTA) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$1.20 million for the quarter, compared to analyst estimates 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%. As a group, sell-side analysts predict that Metalla Royalty & Streaming Ltd. will post 0.0351466 earnings per share for the current fiscal year.

Insider Buying and Selling at Metalla Royalty & Streaming

In other Metalla Royalty & Streaming news, Director Alexander Molyneux acquired 20,000 shares of Metalla Royalty & Streaming stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of C$4.35 per share, for a total transaction of C$87,000.00. In the last three months, insiders have acquired 29,400 shares of company stock worth $130,863. 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.