Sierra Metals (TSE:SMT) Shares Down 5.4%

Sierra Metals Inc. (TSE:SMT) fell 5.4% during trading on Wednesday . The company traded as low as C$0.69 and last traded at C$0.70. 106,762 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 132,725 shares. The stock had previously closed at C$0.74.

Sierra Metals Stock Performance

The firm has a 50-day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.80. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 83.36. The company has a market capitalization of C$158.18 million, a price-to-earnings ratio of -9.25 and a beta of 2.11.

Sierra Metals (TSE:SMT) last released its quarterly earnings data on Friday, August 9th. The mining company reported C$0.03 EPS for the quarter. The firm had revenue of C$78.71 million for the quarter. Sierra Metals had a negative return on equity of 6.45% and a negative net margin of 7.45%.

Insider Activity at Sierra Metals

In other news, Director J. Alberto Arias sold 133,902 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$0.70, for a total transaction of C$93,475.38. In the last 90 days, insiders acquired 75,500 shares of company stock valued at $40,950 and sold 426,309 shares valued at $253,772. 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.