Sierra Metals (TSE:SMT) Stock Passes Above 50-Day Moving Average – What’s Next?

Sierra Metals Inc. (TSE:SMT)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.76 and traded as high as C$0.92. Sierra Metals shares last traded at C$0.90, with a volume of 50,530 shares traded.

Sierra Metals Stock Down 1.1 %

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$189.81 million, a PE ratio of -11.25 and a beta of 2.12. The firm’s fifty day moving average is C$0.76 and its 200-day moving average is C$0.80.

Sierra Metals (TSE:SMT) last posted its quarterly earnings results on Friday, August 9th. The mining company reported C$0.03 earnings per share 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 for the quarter. On average, equities research analysts predict that Sierra Metals Inc. will post 0.1484962 earnings per share for the current year.

Insider Buying and Selling at Sierra Metals

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 transaction of C$93,475.38. Over the last quarter, insiders have acquired 75,500 shares of company stock valued at $40,950 and have sold 502,959 shares valued at $362,953. Insiders own 2.86% of the company’s stock.

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.