Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

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 Price Performance

The stock has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. The business’s 50-day moving average price is C$0.45 and its 200 day moving average price is C$0.37. 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 Buying and Selling

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