Sierra Metals (TSE:SMT) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Sierra Metals Inc. (TSE:SMT) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.85 and traded as high as C$0.87. Sierra Metals shares last traded at C$0.84, with a volume of 170,352 shares trading hands.

Sierra Metals Stock Up 1.2 %

The company has a debt-to-equity ratio of 108.12, a quick ratio of 0.35 and a current ratio of 0.86. The company has a market cap of C$125.19 million, a PE ratio of -22.13 and a beta of 2.12. The firm has a fifty day simple moving average of C$0.85 and a 200 day simple moving average of C$0.78.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 35,486 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of C$0.92, for a total value of C$32,684.84. Insiders sold a total of 914,126 shares of company stock worth $783,826 in the last 90 days. 2.86% of the stock is owned by company insiders.

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.