Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – Should You Buy?

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

Analyst Ratings Changes

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

Santacruz Silver Mining Stock Up 13.3 %

The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of C$0.45 and a 200-day simple moving average of C$0.37. The stock has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15.

Insider Buying and Selling

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