K2 Principal Fund L.P. Makes New Investment in Metalla Royalty & Streaming Ltd. $MTA

K2 Principal Fund L.P. purchased a new position in Metalla Royalty & Streaming Ltd. (NYSEAMERICAN:MTA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 69,760 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Metalla Royalty & Streaming in the 4th quarter worth about $39,000. Global Strategic Management Inc. acquired a new stake in Metalla Royalty & Streaming in the 4th quarter worth about $16,183,000. Wealthspire Advisors LLC acquired a new stake in Metalla Royalty & Streaming in the 4th quarter worth about $268,000. Jane Street Group LLC boosted its stake in Metalla Royalty & Streaming by 120.6% in the 4th quarter. Jane Street Group LLC now owns 358,962 shares of the company’s stock worth $2,793,000 after buying an additional 196,223 shares during the last quarter. Finally, Sprott Inc. boosted its stake in Metalla Royalty & Streaming by 91.8% in the 4th quarter. Sprott Inc. now owns 1,415,520 shares of the company’s stock worth $11,013,000 after buying an additional 677,311 shares during the last quarter. 17.82% of the stock is owned by institutional investors and hedge funds.

Metalla Royalty & Streaming Stock Up 1.8%

Shares of NYSEAMERICAN:MTA opened at $7.31 on Friday. The stock’s 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.55. 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 Ltd. has a 12-month low of $3.44 and a 12-month high of $9.25. The firm has a market cap of $683.05 million, a price-to-earnings ratio of -182.75 and a beta of 1.32.

Metalla Royalty & Streaming 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.