Santacruz Silver Mining (CVE:SCZ) Stock Price Up 10.7% – Should You Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price was up 10.7% on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.42. Approximately 617,092 shares traded hands during trading, an increase of 23% from the average daily volume of 500,081 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

The firm 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 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.37. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling

In related 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 bought at an average price of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is owned by 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.