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

Sierra Metals Inc. (TSE:SMT)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.72 and traded as high as C$0.83. Sierra Metals shares last traded at C$0.82, with a volume of 49,582 shares traded.

Sierra Metals Trading Down 1.2 %

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 firm’s 50-day moving average price is C$0.72 and its 200 day moving average price is C$0.80. The company has a market capitalization of C$172.94 million, a P/E ratio of -10.25 and a beta of 2.12.

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

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 75,704 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$0.54, for a total value of C$40,759.03. In the last ninety days, insiders bought 75,500 shares of company stock valued at $40,950 and sold 483,087 shares valued at $303,915. 2.86% of the stock is currently owned by 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.