Metalla Royalty & Streaming (CVE:MTA) Raised to “Hold” at Scotiabank

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

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

Metalla Royalty & Streaming Stock Down 1.1 %

Shares of CVE:MTA opened at C$3.89 on Wednesday. The firm has a market capitalization of C$356.91 million, a PE ratio of -25.93 and a beta of 1.46. The business has a 50 day simple moving average of C$3.99 and a two-hundred day simple moving average of C$4.18. Metalla Royalty & Streaming has a 1 year low of C$3.13 and a 1 year high of C$5.62. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.81 and a quick ratio of 0.81.

Insider Activity

In other news, Director James Beeby sold 18,500 shares of the company’s stock in a transaction that occurred 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. Also, Director Lawrence Roulston acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of C$4.15 per share, for a total transaction of C$31,125.00. Over the last quarter, insiders purchased 16,118 shares of company stock valued at $72,188. Corporate insiders own 13.74% of the company’s stock.

Metalla Royalty & Streaming Company Profile

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.