Sierra Metals (TSE:SMT) Shares Pass Above 50 Day Moving Average - Here's Why

Shares of Sierra Metals Inc. (TSE:SMT - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.83 and traded as high as C$0.92. Sierra Metals shares last traded at C$0.91, with a volume of 297,756 shares trading hands.

Sierra Metals Trading Up 4.7 %

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's 50 day moving average is C$0.83 and its two-hundred day moving average is C$0.81. The company has a market capitalization of C$132.65 million, a PE ratio of -23.45 and a beta of 2.12.

Insider Activity

In other Sierra Metals news, Director J. Alberto Arias sold 161,818 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of C$0.90, for a total transaction of C$145,636.20. In the last quarter, insiders sold 750,417 shares of company stock worth $665,828. 2.86% of the stock is currently owned by corporate 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.