Santacruz Silver Mining (CVE:SCZ) Trading Up 15.6% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price was up 15.6% during trading on Friday . The company traded as high as C$0.54 and last traded at C$0.52. Approximately 1,434,777 shares were traded during mid-day trading, an increase of 171% from the average daily volume of 529,788 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Trading Up 13.3 %

The business has a 50 day moving average of C$0.45 and a two-hundred day moving average of C$0.37. The firm has a market capitalization 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.

Insider Activity

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo acquired 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. 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.