K2 Principal Fund L.P. acquired a new position in shares of Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 69,760 shares of the company’s stock, valued at approximately $543,000. K2 Principal Fund L.P. owned approximately 0.07% of Metalla Royalty & Streaming at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PFG Investments LLC increased its position in Metalla Royalty & Streaming by 11.9% during the 4th quarter. PFG Investments LLC now owns 11,910 shares of the company’s stock worth $93,000 after purchasing an additional 1,263 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Metalla Royalty & Streaming during the 4th quarter worth about $31,000. JPMorgan Chase & Co. increased its position in Metalla Royalty & Streaming by 42.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,071 shares of the company’s stock worth $54,000 after purchasing an additional 4,171 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Metalla Royalty & Streaming during the 4th quarter worth about $34,000. Finally, Kestra Advisory Services LLC purchased a new stake in Metalla Royalty & Streaming during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 17.82% of the company’s stock.
Metalla Royalty & Streaming Trading Up 1.8%
Metalla Royalty & Streaming stock opened at $7.31 on Friday. The stock has a market cap of $683.05 million, a PE ratio of -182.75 and a beta of 1.32. The stock has a 50-day moving average price of $7.02 and a 200 day moving average price of $7.55. Metalla Royalty & Streaming Ltd. has a 52 week low of $3.44 and a 52 week high of $9.25. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.05.
Metalla Royalty & Streaming Company Profile
Metalla Royalty & Streaming Ltd. is a Canada‐based precious metals royalty and streaming company focused on acquiring and managing royalties and streams on mineral properties. Headquartered in Vancouver, British Columbia, the firm provides financing to mining operators by purchasing royalty and stream interests that grant it a share of future metal production or revenues. These non‐dilutive arrangements enable Metalla to participate in the upside of mining projects without the operational risks associated with direct mine ownership.
The company’s portfolio spans a broad range of precious and battery metals, including gold, silver, copper, nickel and cobalt.
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