Metalla Royalty & Streaming Ltd. (MTA) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of "buying high, hoping to sell even higher" [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Metalla Royalty & Streaming Ltd. (MTA) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - MTA has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) with Style Scores of "A or B" tend to outperform the market over the following month [3] Group 3: Recent Performance Metrics - MTA shares have increased by 10.85% over the past week, outperforming the Zacks Mining - Miscellaneous industry, which rose by 1.38% [5] - Over the last quarter, MTA shares have risen by 33.33%, and by 39.44% over the past year, compared to the S&P 500's increases of 14.12% and 16.19% respectively [6] Group 4: Trading Volume and Earnings Outlook - MTA's average 20-day trading volume is 360,833 shares, indicating a bullish sign if the stock is rising with above-average volume [7] - In the past two months, one earnings estimate for MTA has moved higher, raising the consensus estimate from -$0.01 to $0.00 [9] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, MTA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential pick for near-term gains [11]