Metalla Royalty & Streaming (CVE:MTA) Upgraded to Hold at Scotiabank

Scotiabank upgraded shares of Metalla Royalty & Streaming (CVE:MTA) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other brokerages have also weighed in on MTA. Canaccord Genuity Group raised Metalla Royalty & Streaming to a “strong-buy” rating in a report on Tuesday, October 1st. National Bank Financial raised shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Monday, October 21st.

Metalla Royalty & Streaming Stock Performance

Shares of Metalla Royalty & Streaming stock opened at C$3.89 on Wednesday. The business has a 50 day moving average price of C$3.99 and a 200-day moving average price of C$4.18. Metalla Royalty & Streaming has a 52 week low of C$3.13 and a 52 week high of C$5.62. The company has a market cap of C$356.91 million, a PE ratio of -25.93 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.03.

Insider Activity at Metalla Royalty & Streaming

In related news, Director Lawrence Roulston acquired 7,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of C$4.15 per share, for a total transaction of C$31,125.00. Also, Director James Beeby sold 18,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$3.68, for a total value of C$68,080.00. Insiders have purchased 16,118 shares of company stock worth $72,188 over the last 90 days. 13.74% of the stock is owned by company 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.