MI3 Technical Alert: Sierra Metals Historic Low Cash Cost Production of Base and Precious Metals
Mario Drolet President of MI3 Communications Financières Inc. (MI3) released a technical note at market open today on Sierra Metals Inc (TSX: SMT) for exclusive distribution on InvestorIntel.
In this note MI3 highlighted the following points on Sierra Metals Inc.:
- Historic Low Cash Cost Production of Base and Precious Metals.
- Solid Financial Position with High Liquidity and Strong Operating Cash Flows.
- SMT earns $18.81 Million in 2018.
- Sierra drills 201.15 meters of 2.42 CuEq at Chihuahua project in Mexico.
- SMT is near OVERSOLD territory; RSI at 33 and lowering on low trading volume!
- ECR traded over 8.0M shares between $0.10 and $0.15 over the last three months.
- Support: S2; $1.95 – S1; $2.03 | Resistance: R1; $2.14 – R2; $2.23
Sierra Metals Inc. is Canadian based growing polymetallic mining companywith production from its Yauricocha Mine in Peru, and its Bolivar andCusi Mines in Mexico. The Company is focused on increasing productionvolume and growing mineral resources. Sierra Metals has recently hadseveral new discoveries and still has additional brownfield explorationopportunities at all three Mines in Peru and Mexico that are within orclose proximity to the existing Mines. Additionally, the Company haslarge land packages at all three Mines with several prospective regionaltargets providing longer term exploration upside and mineral resourcegrowth potential.
The Company’s Common Shares trade on the Bolsa de Valores de Lima and onthe Toronto Stock Exchange under the symbol “SMT” and on the NYSEAmerican Exchange under the symbol “SMTS”.
Please Do Your Own Due Diligence
This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this note.