Sierra Metals (TSE:SMT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Sierra Metals Inc. (TSE:SMT) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.05 and traded as high as C$1.17. Sierra Metals shares last traded at C$1.14, with a volume of 104,451 shares changing hands.

Sierra Metals Stock Down 3.4%

The firm has a 50 day moving average price of C$1.05 and a 200-day moving average price of C$0.89. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 108.12. The firm has a market cap of C$169.91 million, a PE ratio of -30.03 and a beta of 2.12.

Insider Activity

In related news, Director J. Alberto Arias sold 47,315 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of C$0.84, for a total transaction of C$39,757.28. Also, Senior Officer Alberto San Roman Calle sold 470,338 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$1.13, for a total value of C$531,481.94. In the last quarter, insiders sold 3,508,802 shares of company stock worth $3,773,724. 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.