Metalla Royalty & Streaming (CVE:MTA) Shares Up 8.8% – Here’s What Happened

Metalla Royalty & Streaming Ltd. (CVE:MTA)’s share price shot up 8.8% during trading on Thursday . The company traded as high as C$10.05 and last traded at C$10.00. 14,200 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 38,784 shares. The stock had previously closed at C$9.19.

Metalla Royalty & Streaming Price Performance

The firm has a market capitalization of C$934.43 million, a PE ratio of -256.41 and a beta of 2.83. The stock has a 50-day moving average price of C$9.67 and a 200 day moving average price of C$10.36. The company has a quick ratio of 0.81, a current ratio of 3.45 and a debt-to-equity ratio of 5.69.

Insider Activity at Metalla Royalty & Streaming

In other news, Director Brett Heath purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of C$8.72 per share, for a total transaction of C$43,600.00. Following the completion of the transaction, the director owned 3,394,845 shares of the company’s stock, valued at C$29,603,048.40. This trade represents a 0.15% increase in their ownership of the stock. 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. 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.