Metalla Royalty & Streaming Sees Unusually High Options Volume (NYSEAMERICAN:MTA)

Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTAGet Free Report) saw unusually large options trading activity on Friday. Investors bought 5,416 call options on the stock. This is an increase of 2,234% compared to the average volume of 232 call options.

Metalla Royalty & Streaming Trading Up 7.5%

Shares of Metalla Royalty & Streaming stock opened at $9.75 on Friday. The company has a market capitalization of $911.62 million, a price-to-earnings ratio of -975.00 and a beta of 1.35. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.05. Metalla Royalty & Streaming has a 12-month low of $4.09 and a 12-month high of $9.98. The firm’s 50-day moving average price is $7.59 and its two-hundred day moving average price is $7.49.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price target on Metalla Royalty & Streaming from $9.00 to $8.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

View Our Latest Analysis on Metalla Royalty & Streaming

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Metalla Royalty & Streaming by 210.2% during the first quarter. Renaissance Technologies LLC now owns 451,948 shares of the company’s stock valued at $2,996,000 after purchasing an additional 306,248 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Metalla Royalty & Streaming by 50.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 254,304 shares of the company’s stock valued at $1,641,000 after purchasing an additional 85,201 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Metalla Royalty & Streaming by 90.8% during the 1st quarter. Walleye Capital LLC now owns 67,603 shares of the company’s stock worth $448,000 after buying an additional 32,164 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Metalla Royalty & Streaming by 23.8% during the 1st quarter. Cetera Investment Advisers now owns 36,748 shares of the company’s stock worth $244,000 after buying an additional 7,067 shares in the last quarter. Finally, PFG Investments LLC lifted its position in shares of Metalla Royalty & Streaming by 19.0% during the 1st quarter. PFG Investments LLC now owns 14,170 shares of the company’s stock worth $94,000 after buying an additional 2,260 shares during the last quarter. 17.82% of the stock is owned by institutional investors.

About Metalla Royalty & Streaming

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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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