Santacruz Silver Mining (CVE:SCZ) Trading 20% Higher – Here’s Why

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) traded up 20% during mid-day trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.45. 1,184,830 shares were traded during trading, an increase of 135% from the average session volume of 504,383 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

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

Santacruz Silver Mining Stock Up 13.3 %

The firm has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. The business’s fifty day moving average price is C$0.45 and its 200 day moving average price is 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 at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 company 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.