Sierra Metals (TSE:SMT) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Sierra Metals Inc. (TSE:SMT - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.05 and traded as high as C$1.17. Sierra Metals shares last traded at C$1.14, with a volume of 104,451 shares changing hands.

Sierra Metals Trading Down 0.9%

The firm has a fifty day simple moving average of C$1.06 and a two-hundred day simple moving average of C$0.90. 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 company has a debt-to-equity ratio of 108.12, a current ratio of 0.86 and a quick ratio of 0.35.

Insider Buying and Selling at Sierra Metals

In related news, Director Ernesto Balarezo sold 550,000 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$1.14, for a total transaction of C$627,000.00. Also, Director J. Alberto Arias sold 47,315 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of C$0.84, for a total value of C$39,757.28. Over the last ninety days, insiders sold 3,508,802 shares of company stock valued at $3,773,724. Company insiders own 2.86% of the company's stock.

Sierra Metals Company Profile

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.