Metalla Royalty & Streaming (NYSEMKT:MTA) Trading Down 1.4%

Metalla Royalty & Streaming Ltd. (NYSEMKT:MTA) was down 1.4% on Monday . The company traded as low as $2.84 and last traded at $2.84. Approximately 242,321 shares were traded during trading, a decline of 5% from the average daily volume of 255,479 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded shares of Metalla Royalty & Streaming to a “strong-buy” rating in a report on Wednesday, May 29th.

Metalla Royalty & Streaming Stock Performance

The firm has a market cap of $252.51 million, a PE ratio of -27.60 and a beta of 1.70. The company’s 50-day simple moving average is $3.03 and its two-hundred day simple moving average is $2.99.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MTA. Perritt Capital Management Inc. bought a new stake in Metalla Royalty & Streaming during the 1st quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in Metalla Royalty & Streaming during the 1st quarter valued at about $52,000. Finally, Van ECK Associates Corp increased its stake in Metalla Royalty & Streaming by 20.0% during the 1st quarter. Van ECK Associates Corp now owns 4,502,603 shares of the company’s stock valued at $14,003,000 after purchasing an additional 750,503 shares in the last quarter. 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.