Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) shot up 13.3% during mid-day trading on Saturday . The stock 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.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Price Performance

The firm has a market cap of C$127.63 million, a price-to-earnings ratio of 0.84 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 business has a 50 day simple moving average of C$0.45 and a 200-day simple moving average of C$0.37.

Insider Buying and Selling at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of C$0.40 per share, for a total transaction of C$420,000.00. Company 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.