Santacruz Silver Mining (CVE:SCZ) Shares Up 20% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares shot up 20% during mid-day trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.45. 1,184,830 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 504,383 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

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

Santacruz Silver Mining Trading Up 17.3 %

The stock has a market cap of C$110.11 million, a PE ratio of 0.72 and a beta of 2.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 1.22. The company has a 50 day moving average of C$0.44 and a two-hundred day moving average of C$0.37.

Insider Transactions at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. Corporate insiders own 7.00% of the company’s stock.

Santacruz Silver Mining Company Profile

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.