Maverix Metals (CVE:MMX) Trading Up 4.7%

Maverix Metals Inc (CVE:MMX – Get Rating) rose 4.7% during trading on Friday . The company traded as high as C$5.82 and last traded at C$5.76. Approximately 110,721 shares changed hands during trading, an increase of 466% from the average daily volume of 19,566 shares. The stock had previously closed at C$5.50.

MMX has been the subject of a number of recent research reports. National Bankshares lifted their price target on shares of Maverix Metals from C$6.75 to C$7.00 in a report on Wednesday, April 20th. Raymond James boosted their price objective on shares of Maverix Metals from C$8.00 to C$8.75 and gave the stock an “outperform” rating in a research note on Wednesday, April 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of Maverix Metals from C$8.50 to C$9.00 in a research note on Friday, April 22nd.

The firm’s 50-day moving average price is C$5.76 and its 200 day moving average price is C$5.76. The firm has a market cap of C$621.78 million and a P/E ratio of 230.40. The company has a quick ratio of 4.16, a current ratio of 4.27 and a debt-to-equity ratio of 8.45.

In other news, Senior Officer Daniel O’flaherty sold 90,344 shares of the stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of C$6.26, for a total value of C$565,734.13. Following the completion of the sale, the insider now directly owns 159,600 shares of the company’s stock, valued at C$999,415.20. Also, Senior Officer Matthew Gordon Fargey sold 13,219 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of C$6.27, for a total value of C$82,866.61. Following the completion of the transaction, the insider now owns 222,993 shares in the company, valued at approximately C$1,397,887.37. Insiders sold a total of 104,363 shares of company stock valued at $653,545 over the last three months.

Maverix Metals Company Profile (CVE:MMX)

Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally.

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