Santacruz Silver Mining (CVE:SCZ) Trading Down 7.3% – Should You Sell?

Santacruz Silver Mining Ltd. (CVE:SCZ) traded down 7.3% on Tuesday . The stock traded as low as C$8.89 and last traded at C$8.98. Approximately 169,547 shares traded hands during trading, a decline of 59% from the average daily volume of 410,038 shares. The stock had previously closed at C$9.69.

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded 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 stock currently has a consensus rating of “Strong Buy”.

Santacruz Silver Mining Stock Down 7.3%

The company has a debt-to-equity ratio of 4.06, a current ratio of 1.54 and a quick ratio of 0.51. The stock has a market cap of C$832.81 million, a price-to-earnings ratio of 13.82 and a beta of 3.30. The firm’s 50-day moving average is C$10.63 and its 200 day moving average is C$12.78.

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.