Santacruz Silver Mining (CVE:SCZ) Stock Price Up 13.3% – Should You Buy?

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

Analyst Ratings Changes

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 Stock Performance

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

Insider Transactions at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was purchased 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.