Santacruz Silver Mining (CVE:SCZ) Stock Price Up 13.3% – Here’s Why

by · The Markets Daily

Santacruz Silver Mining Ltd. (CVE:SCZ – Get Free Report) traded up 13.3% on Friday . The company traded as high as C$0.54 and last traded at C$0.51. 1,566,982 shares traded hands during mid-day trading, an increase of 194% from the average session volume of 532,113 shares. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised shares of Santacruz Silver Mining to a “strong-buy” rating in a report on Tuesday, January 21st.

Read Our Latest Stock Report on Santacruz Silver Mining

Santacruz Silver Mining Trading Up 13.3 %

The firm has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. The firm’s 50-day simple moving average is C$0.45 and its 200-day simple moving average is C$0.37. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of C$0.40 per share, for a total transaction of C$420,000.00. 7.00% of the stock is owned by insiders.

Santacruz Silver Mining Company Profile

(Get Free Report)

Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in Latin America. The company primarily explores for silver and zinc, as well as lead and copper deposits. It holds 100% interests in the Zimapan Mine that consists of 34 mining concessions covering an area of 5,139 hectares located in Hidalgo, Mexico; the Sinchi Wayra and the Illapa assets located in Bolivia; and exploration properties, which include the La Pechuga Property and the Santa Gorgonia Prospect.

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