Sierra Metals (TSE:SMT) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Sierra Metals Inc. (TSE:SMT) crossed above its 50-day moving average during trading on Monday . The stock has a 50-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 changing hands.

Sierra Metals Trading Up 3.5 %

The firm has a market cap of C$187.70 million, a PE ratio of -11.13 and a beta of 2.12. The company has a 50-day simple moving average of C$0.76 and a 200 day simple moving average of C$0.76. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 83.36.

Sierra Metals (TSE:SMT) last posted its earnings results 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%. As a group, sell-side analysts forecast that Sierra Metals Inc. will post 0.1484962 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 94,630 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of C$0.90, for a total transaction of C$85,483.82. Over the last 90 days, insiders have sold 722,027 shares of company stock worth $572,005. 2.86% of the stock is owned by corporate insiders.

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.