Sierra Metals (TSE:SMT) Stock Price Down 5.2% Following Insider Selling

Shares of Sierra Metals Inc. (TSE:SMT - Get Free Report) fell 5.2% on Wednesday after an insider sold shares in the company. The company traded as low as C$1.36 and last traded at C$1.63. 101,890 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 380,479 shares. The stock had previously closed at C$1.72.

Specifically, Senior Officer Astolfo Romero Sanchez sold 133,916 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$1.15, for a total value of C$154,003.40. Also, Senior Officer Jose Noel Gomez Menera sold 481,988 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of C$1.12, for a total transaction of C$538,766.19.

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 stock has a market cap of C$187.79 million, a PE ratio of -33.20 and a beta of 2.12. The business's 50-day simple moving average is C$1.03 and its 200-day simple moving average is C$0.88.

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.