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

Shares of Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) traded down 0.7% during mid-day trading on Friday . The company traded as low as $2.95 and last traded at $3.00. 380,524 shares changed hands 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 restated a “sector perform” rating and set a $4.50 price target on shares of Metalla Royalty & Streaming in a research note on Wednesday, January 15th.

Metalla Royalty & Streaming Trading Down 0.7 %

The business’s fifty day moving average price is $2.91 and its 200 day moving average price is $3.04. The company has a market capitalization of $275.64 million, a P/E ratio of -37.25 and a beta of 1.53.

Institutional Investors Weigh In On Metalla Royalty & Streaming

Several institutional investors have recently added to or reduced their stakes in MTA. JPMorgan Chase & Co. bought a new stake in shares of Metalla Royalty & Streaming during the third quarter valued at about $31,000. Wolverine Trading LLC increased its position in shares of Metalla Royalty & Streaming by 335.1% during the fourth quarter. Wolverine Trading LLC now owns 13,149 shares of the company’s stock valued at $33,000 after buying an additional 10,127 shares during the period. Two Sigma Securities LLC increased its position in shares of Metalla Royalty & Streaming by 55.5% during the fourth quarter. Two Sigma Securities LLC now owns 15,841 shares of the company’s stock valued at $40,000 after buying an additional 5,655 shares during the period. Oxford Asset Management LLP bought a new stake in shares of Metalla Royalty & Streaming during the fourth quarter valued at about $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of Metalla Royalty & Streaming during the fourth quarter valued at about $49,000. 17.82% of the stock is owned by hedge funds and other institutional investors.

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.