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

Sierra Metals Inc. (TSE:SMT) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.76 and traded as high as C$0.82. Sierra Metals shares last traded at C$0.82, with a volume of 26,665 shares traded.

Sierra Metals Trading Up 1.2 %

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 fifty day simple moving average of C$0.76 and a 200-day simple moving average of C$0.76. The company has a market capitalization of C$172.94 million, a PE ratio of -10.25 and a beta of 2.12.

Sierra Metals (TSE:SMT) last released its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$96.77 million during the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. Analysts predict that Sierra Metals Inc. will post 0.1484962 EPS for the current year.

Insider Activity at Sierra Metals

In related news, Director J. Alberto Arias sold 47,315 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of C$0.93, for a total value of C$43,998.69. Over the last three months, insiders have sold 722,027 shares of company stock worth $572,005. 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.