Sierra Metals (TSE:SMT) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Sierra Metals Inc. (TSE:SMT)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.77 and traded as high as C$0.89. Sierra Metals shares last traded at C$0.86, with a volume of 239,518 shares.

Sierra Metals Price Performance

The company has a debt-to-equity ratio of 83.36, a current ratio of 0.98 and a quick ratio of 0.35. The company has a 50 day moving average price of C$0.78 and a 200 day moving average price of C$0.80. The firm has a market cap of C$175.05 million, a PE ratio of -10.38 and a beta of 2.12.

Sierra Metals (TSE:SMT) last released its quarterly earnings data on Friday, August 9th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$78.71 million during the quarter. Sierra Metals had a negative return on equity of 6.45% and a negative net margin of 7.45%. Sell-side analysts expect that Sierra Metals Inc. will post 0.1484962 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 133,902 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$0.70, for a total value of C$93,475.38. Over the last quarter, insiders acquired 75,500 shares of company stock worth $40,950 and sold 508,164 shares worth $387,145. 2.86% of the stock is currently owned by company insiders.

About Sierra Metals

Sierra Metals Inc, together with its subsidiaries, focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company's flagship property is the 82% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.