Metalla Royalty & Streaming (CVE:MTA) Stock Price Down 5.4% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s stock price fell 5.4% during trading on Tuesday. The stock traded as low as C$11.78 and last traded at C$11.84. Approximately 31,253 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 33,840 shares. The stock had previously closed at C$12.52.

Metalla Royalty & Streaming Stock Up 2.6%

The stock has a 50 day moving average price of C$13.73 and a 200 day moving average price of C$11.28. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.81 and a current ratio of 4.50. The company has a market capitalization of C$1.08 billion, a P/E ratio of -1,154.00 and a beta of 2.79.

Insider Buying and Selling

In other news, insider Saurabh Handa sold 79,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of C$13.87, for a total transaction of C$1,102,665.00. Following the completion of the sale, the insider owned 86,105 shares in the company, valued at C$1,194,276.35. This trade represents a 48.01% decrease in their position. Also, Director Brett Heath sold 75,000 shares of Metalla Royalty & Streaming stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$15.52, for a total transaction of C$1,164,000.00. Following the completion of the sale, the director directly owned 3,319,845 shares in the company, valued at C$51,523,994.40. This trade represents a 2.21% decrease in their position. Insiders have sold a total of 195,000 shares of company stock valued at $2,889,150 over the last three months. 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. 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.