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

Sierra Metals Inc. (TSE:SMT) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.82 and traded as high as C$0.89. Sierra Metals shares last traded at C$0.88, with a volume of 531,615 shares changing hands.

Sierra Metals Stock Performance

The company has a market capitalization of C$131.16 million, a PE ratio of -23.18 and a beta of 2.12. 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 business’s fifty day moving average is C$0.82 and its two-hundred day moving average is C$0.81.

Insider Transactions at Sierra Metals

In other news, Director J. Alberto Arias sold 80,436 shares of Sierra Metals stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of C$0.84, for a total value of C$67,643.46. Insiders sold 703,102 shares of company stock worth $608,885 over the last quarter. 2.86% of the stock is currently owned by 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.