Maverix Metals (CVE:MMX) Trading 4.7% Higher

Maverix Metals Inc (CVE:MMXGet Rating) traded up 4.7% during trading on Monday . The company traded as high as C$5.82 and last traded at C$5.76. 110,721 shares traded hands during mid-day trading, an increase of 466% from the average session volume of 19,566 shares. The stock had previously closed at C$5.50.

A number of equities research analysts have recently commented on the stock. National Bankshares reduced their target price on shares of Maverix Metals from C$7.75 to C$6.75 in a research report on Friday, January 7th. Raymond James set a C$8.00 target price on shares of Maverix Metals and gave the company an “outperform” rating in a research report on Thursday, March 17th.

The stock has a market cap of C$621.78 million and a PE ratio of 230.40. The stock has a 50-day moving average price of C$5.76. The company has a quick ratio of 4.16, a current ratio of 4.27 and a debt-to-equity ratio of 8.45.

In other Maverix Metals news, Senior Officer Matthew Gordon Fargey sold 13,219 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of C$6.27, for a total transaction of C$82,866.61. Following the completion of the transaction, the insider now owns 222,993 shares of the company’s stock, valued at C$1,397,887.37. Also, Senior Officer Daniel O’flaherty sold 90,344 shares of the stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of C$6.26, for a total transaction of C$565,734.13. Following the transaction, the insider now directly owns 159,600 shares of the company’s stock, valued at approximately C$999,415.20. Over the last 90 days, insiders have sold 104,363 shares of company stock valued at $653,545.

About Maverix Metals (CVE:MMX)

Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally.

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