Santacruz Silver Mining (CVE:SCZ) Trading Up 17.8% – What’s Next?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares traded up 17.8% on Friday . The stock traded as high as C$0.53 and last traded at C$0.53. 1,358,883 shares were traded during mid-day trading, an increase of 157% from the average session volume of 528,950 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Price Performance

The business’s 50 day moving average is C$0.45 and its two-hundred day moving average is C$0.37. 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 firm has a market capitalization of C$132.63 million, a PE ratio of 0.87 and a beta of 2.15.

Insider Activity at Santacruz Silver Mining

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

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.