MTA Stock Summary and Trading Ideas (Metalla Royalty & Streaming Ltd. Common Shares | AMEX:MTA)

Metalla Royalty & Streaming Ltd is a precious metals royalty and streaming company, which engages in the acquisition and management of precious metal royalties, streams, and similar production-based interests. It's a pure-play gold and silver streaming and royalty company. It generates revenue from royalties, streams, and other interests.

Metalla Royalty & Streaming Ltd. Common Shares trades on the AMEX stock market under the symbol MTA.

As of April 25, 2024, MTA stock price climbed to $3.05 with 649,187 million shares trading.

MTA has a beta of 0.82, meaning it tends to be less sensitive to market movements. MTA has a correlation of 0.04 to the broad based SPY ETF.

MTA has a market cap of $274.50 million. This is considered a Small Cap stock.

Last quarter Metalla Royalty & Streaming Ltd. Common Shares reported $1 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-314,000 and missed earnings estimates by -$.02.

In the last 3 years, MTA stock traded as high as $10.98 and as low as $2.32.

The top ETF exchange traded funds that MTA belongs to (by Net Assets): GDXJ, INFL.

MTA has underperformed the market in the last year with a price return of -38.5% while the SPY ETF gained +25.6%. However, in the short term, MTA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.1% vs +3.5% return in SPY. But in the last 2 weeks, MTA shares have been beat by the market, returning -5.9% compared to an SPY return of -2.8%.

MTA support price is $2.91 and resistance is $3.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTA stock will trade within this expected range on the day.