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

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price rose 17.8% during mid-day trading on Friday . The stock traded as high as C$0.54 and last traded at C$0.53. Approximately 1,548,912 shares traded hands during trading, an increase of 191% from the average daily volume of 531,415 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 research report on Tuesday, January 21st.

Santacruz Silver Mining Stock Up 13.3 %

The firm’s fifty day simple moving average is C$0.45 and its 200-day simple moving average is C$0.37. The company has a market cap of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. 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 Activity at Santacruz Silver Mining

In related news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is owned by corporate insiders.

About Santacruz Silver Mining

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.