Sierra Metals (TSE:SMT) Trading Up 23.8% - Still a Buy?

Sierra Metals Inc. (TSE:SMT - Get Free Report)'s stock price shot up 23.8% on Tuesday . The company traded as high as C$1.65 and last traded at C$1.61. 316,066 shares traded hands during trading, a decline of 17% from the average session volume of 381,678 shares. The stock had previously closed at C$1.30.

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 P/E ratio of -33.20 and a beta of 2.12. The business's 50-day simple moving average is C$1.03 and its two-hundred day simple moving average is C$0.88.

Insiders Place Their Bets

In other news, Director J. Alberto Arias sold 141,472 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of C$0.77, for a total value of C$108,602.96. Also, Senior Officer Claudio Zavaleta Cubillas sold 682,814 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of C$1.13, for a total transaction of C$774,311.08. Insiders sold 3,508,802 shares of company stock worth $3,773,724 over the last quarter. 2.86% of the stock is currently owned by company 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.