Sierra Metals (TSE:SMT) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Sierra Metals Inc. (TSE:SMT)’s share price 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.

Sierra Metals Price Performance

The company has a market cap of C$181.37 million, a P/E 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. The stock has a fifty day moving average price of C$0.76 and a two-hundred day moving average price of C$0.80.

Sierra Metals (TSE:SMT) last posted its quarterly earnings data on Friday, August 9th. The mining company reported C$0.03 earnings per share (EPS) 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, research analysts expect that Sierra Metals Inc. will post 0.1484962 EPS for the current year.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 47,315 shares of the 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 bought 75,500 shares of company stock valued at $40,950 and sold 550,274 shares valued at $406,952. 2.86% of the stock is currently 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.