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Sierra Metals (TSE:SMT) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Sierra Metals logo with Basic Materials background

Sierra Metals Inc. (TSE:SMT - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.09 and traded as high as C$1.14. Sierra Metals shares last traded at C$1.14, with a volume of 46,694 shares traded.

Sierra Metals Stock 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 firm has a market capitalization of C$169.91 million, a P/E ratio of -30.03 and a beta of 2.12. The firm has a 50 day moving average of C$1.09 and a 200-day moving average of C$0.91.

Insiders Place Their Bets

In other Sierra Metals news, Director J. Alberto Arias sold 47,315 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of C$0.84, for a total value of C$39,757.28. Also, Senior Officer Patricia Munoz Kosa sold 383,098 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$1.15, for a total value of C$440,562.70. Insiders have sold a total of 3,367,330 shares of company stock valued at $3,665,121 in the last 90 days. 2.86% of the stock is currently owned by corporate insiders.

About Sierra Metals

(Get Free Report)

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.

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