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

Shares of Sierra Metals Inc. (TSE:SMT) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.77 and traded as high as C$0.89. Sierra Metals shares last traded at C$0.86, with a volume of 239,518 shares changing hands.

Sierra Metals Stock Performance

The firm’s 50-day moving average price is C$0.78 and its two-hundred day moving average price is C$0.80. The company has a debt-to-equity ratio of 83.36, a quick ratio of 0.35 and a current ratio of 0.98. The stock has a market cap of C$175.05 million, a price-to-earnings ratio of -10.38 and a beta of 2.12.

Sierra Metals (TSE:SMT) last announced its quarterly earnings results on Friday, August 9th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$78.71 million for the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. On average, analysts expect that Sierra Metals Inc. will post 0.1484962 EPS for the current fiscal 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 Thursday, October 10th. The shares were sold at an average price of C$0.84, for a total value of C$39,914.65. In the last ninety days, insiders have purchased 75,500 shares of company stock worth $40,950 and have sold 508,164 shares worth $387,145. 2.86% of the stock is owned by 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.