Santacruz Silver Mining (CVE:SCZ) Trading Up 5.5% – Time to Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares traded up 5.5% during mid-day trading on Friday . The company traded as high as C$9.80 and last traded at C$9.78. 514,659 shares were traded during trading, an increase of 16% from the average session volume of 444,811 shares. The stock had previously closed at C$9.27.

Analyst Ratings Changes

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

Santacruz Silver Mining Price Performance

The company has a 50 day moving average of C$11.29 and a 200-day moving average of C$12.98. The stock has a market capitalization of C$907.01 million, a P/E ratio of 15.05 and a beta of 3.09. The company has a quick ratio of 0.51, a current ratio of 1.54 and a debt-to-equity ratio of 4.06.

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.