Sierra Metals (TSE:SMT) Reaches New 52-Week High - Here's Why

Sierra Metals Inc. (TSE:SMT - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$1.30 and last traded at C$1.18, with a volume of 84866 shares trading hands. The stock had previously closed at C$1.16.

Sierra Metals Price Performance

The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 108.12. The business's 50-day simple moving average is C$1.03 and its 200 day simple moving average is C$0.88. The firm has a market capitalization of C$187.79 million, a P/E ratio of -33.20 and a beta of 2.12.

Insider Buying and Selling at Sierra Metals

In other news, Director J. Alberto Arias sold 141,472 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$0.77, for a total transaction of C$108,602.96. Also, Senior Officer Patricia Munoz Kosa sold 383,098 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$1.15, for a total value of C$440,562.70. Insiders have sold 3,508,802 shares of company stock worth $3,773,724 over the last ninety days. 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.