Sierra Metals Inc. (TSE:SMT – Get Rating)'s share price shot up 4.5% during trading on Wednesday . The stock traded as high as C$0.23 and last traded at C$0.23. 46,463 shares were traded during trading, a decline of 65% from the average session volume of 132,458 shares. The stock had previously closed at C$0.22.

Wall Street Analysts Forecast Growth

Separately, CIBC reduced their price target on Sierra Metals from C$1.50 to C$1.25 in a research report on Thursday, October 13th.

Sierra Metals Trading Up 9.1 %

The company's fifty day moving average is C$0.24 and its 200-day moving average is C$0.60. The company has a current ratio of 0.58, a quick ratio of 0.35 and a debt-to-equity ratio of 60.61. The firm has a market capitalization of C$39.34 million and a P/E ratio of -0.98.

Sierra Metals Company Profile

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 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.

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