Santacruz Silver Mining (CVE:SCZ) Shares Down 11.9% – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ) was down 11.9% on Friday . The stock traded as low as C$11.78 and last traded at C$11.78. Approximately 124,928 shares traded hands during trading, a decline of 73% from the average daily volume of 469,939 shares. The stock had previously closed at C$13.37.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of Santacruz Silver Mining to a “strong-buy” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Santacruz Silver Mining Trading Down 10.1%

The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average price is C$11.82 and its 200 day moving average price is C$12.57. The company has a market capitalization of C$1.11 billion, a P/E ratio of 26.13 and a beta of 2.83.

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.