Sierra Metals (TSE:SMT) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Sierra Metals Inc. (TSE:SMT)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.76 and traded as high as C$0.82. Sierra Metals shares last traded at C$0.82, with a volume of 26,665 shares traded.

Sierra Metals Price Performance

The company has a 50-day moving average of C$0.76 and a 200 day moving average of C$0.76. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 83.36. The stock has a market capitalization of C$187.70 million, a PE ratio of -11.13 and a beta of 2.12.

Sierra Metals (TSE:SMT) last released its earnings results on Wednesday, November 6th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$96.77 million during the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. Sell-side analysts predict that Sierra Metals Inc. will post 0.1484962 EPS for the current year.

Insider Buying and Selling at Sierra Metals

In other Sierra Metals news, Director J. Alberto Arias sold 120,180 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of C$0.84, for a total transaction of C$101,239.63. In the last quarter, insiders sold 722,027 shares of company stock worth $572,005. Insiders own 2.86% of the company’s stock.

Sierra Metals Company Profile

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.