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Sierra Metals (TSE:SMT) Stock Crosses Above 50 Day Moving Average - Should You Sell?

Sierra Metals logo with Basic Materials background

Sierra Metals Inc. (TSE:SMT - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.76 and traded as high as C$0.82. Sierra Metals shares last traded at C$0.82, with a volume of 26,665 shares traded.

Sierra Metals Stock Up 4.9 %

The company has a market capitalization of C$181.37 million, a PE ratio of -10.75 and a beta of 2.12. The firm's 50-day simple moving average is C$0.76 and its 200 day simple moving average is C$0.76. The company has a debt-to-equity ratio of 83.36, a quick ratio of 0.35 and a current ratio of 0.98.

Sierra Metals (TSE:SMT - Get Free Report) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.03 EPS for the quarter. The company had revenue of C$96.77 million for the quarter. Sierra Metals had a negative net margin of 7.45% and a negative return on equity of 6.45%. As a group, equities research analysts forecast that Sierra Metals Inc. will post 0.1484962 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director J. Alberto Arias sold 94,630 shares of the business's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of C$0.90, for a total value of C$85,483.82. In the last ninety days, insiders have sold 722,027 shares of company stock worth $572,005. Corporate insiders own 2.86% of the company's stock.

Sierra Metals Company Profile

(Get Free Report)

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.

Further Reading

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