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

Shares of Sierra Metals Inc. (TSE:SMT) passed 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 Performance

The stock’s 50 day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.80. The stock has a market capitalization of C$181.37 million, a PE ratio of -10.75 and a beta of 2.12. The company has a debt-to-equity ratio of 83.36, a current ratio of 0.98 and a quick ratio of 0.35.

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

Insider Activity at Sierra Metals

In other news, Director J. Alberto Arias sold 133,902 shares of the firm’s 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. In the last ninety days, insiders acquired 75,500 shares of company stock worth $40,950 and sold 550,274 shares worth $406,952. 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.