Metalla Royalty & Streaming (NYSEMKT:MTA) Stock Price Down 0.7% – Here’s Why

Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) shares traded down 0.7% during mid-day trading on Friday . The stock traded as low as $2.95 and last traded at $3.00. 380,524 shares were traded during mid-day trading, an increase of 30% from the average session volume of 293,426 shares. The stock had previously closed at $3.02.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed a “sector perform” rating and issued a $4.50 target price on shares of Metalla Royalty & Streaming in a research note on Wednesday, January 15th.

Metalla Royalty & Streaming Price Performance

The firm has a market cap of $275.64 million, a PE ratio of -37.25 and a beta of 1.53. The company has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $3.04.

Institutional Trading of Metalla Royalty & Streaming

A number of institutional investors have recently made changes to their positions in MTA. U S Global Investors Inc. purchased a new stake in Metalla Royalty & Streaming in the fourth quarter worth $2,522,000. Merk Investments LLC lifted its stake in Metalla Royalty & Streaming by 34.6% in the fourth quarter. Merk Investments LLC now owns 3,000,000 shares of the company’s stock worth $7,530,000 after acquiring an additional 771,189 shares during the period. Sprott Inc. lifted its stake in Metalla Royalty & Streaming by 2,927.3% in the fourth quarter. Sprott Inc. now owns 730,174 shares of the company’s stock worth $1,833,000 after acquiring an additional 706,054 shares during the period. Marshall Wace LLP purchased a new stake in Metalla Royalty & Streaming in the fourth quarter worth $874,000. Finally, Euro Pacific Asset Management LLC lifted its stake in Metalla Royalty & Streaming by 6.0% in the fourth quarter. Euro Pacific Asset Management LLC now owns 4,821,920 shares of the company’s stock worth $12,181,000 after acquiring an additional 270,960 shares during the period. Hedge funds and other institutional investors own 17.82% 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.