Sierra Metals Inc. (TSE:SMT - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.81 and traded as low as C$0.71. Sierra Metals shares last traded at C$0.73, with a volume of 128,550 shares changing hands.
Analyst Ratings Changes
Separately, CIBC lifted their target price on shares of Sierra Metals from C$1.00 to C$1.10 and gave the stock a "neutral" rating in a research note on Tuesday, May 14th.
View Our Latest Stock Report on SMT
Sierra Metals Trading Down 2.7 %
The firm has a 50-day simple moving average of C$0.77 and a 200-day simple moving average of C$0.81. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 83.36. The stock has a market cap of C$149.74 million, a PE ratio of -8.88 and a beta of 2.12.
Insiders Place Their Bets
In related news, Director J. Alberto Arias sold 83,275 shares of the company's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of C$0.54, for a total value of C$45,293.27. Insiders sold a total of 481,667 shares of company stock worth $280,326 in the last quarter. 2.85% of the stock is owned by company insiders.
Sierra Metals Company Profile
(
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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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