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

Sierra Metals Inc. (TSE:SMT - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.77 and traded as high as C$0.89. Sierra Metals shares last traded at C$0.86, with a volume of 239,518 shares traded.

Sierra Metals Stock Performance

The company has a debt-to-equity ratio of 83.36, a current ratio of 0.98 and a quick ratio of 0.35. The company has a market cap of C$177.16 million, a price-to-earnings ratio of -10.75 and a beta of 2.12. The stock has a 50-day moving average price of C$0.77 and a 200 day moving average price of C$0.80.

Sierra Metals (TSE:SMT - Get Free Report) last announced its earnings results on Friday, August 9th. The mining company reported C$0.03 EPS for the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. The firm had revenue of C$78.71 million for the quarter. As a group, analysts anticipate that Sierra Metals Inc. will post 0.1484962 EPS for the current fiscal year.

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 Friday, October 25th. The stock was sold at an average price of C$0.93, for a total transaction of C$43,998.69. In the last 90 days, insiders bought 75,500 shares of company stock worth $40,950 and sold 508,164 shares worth $387,145. Corporate insiders own 2.86% of the company's stock.

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.