Santacruz Silver Mining (CVE:SCZ) Trading Up 13.3% – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ) shares rose 13.3% on Saturday . The company 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.

Analyst Ratings Changes

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

Santacruz Silver Mining Price Performance

The firm has a 50-day simple moving average of C$0.45 and a 200-day simple moving average of C$0.37. The firm has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51.

Insider Transactions at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of Santacruz Silver Mining stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of C$0.40 per share, with a total value of C$420,000.00. Company insiders own 7.00% of the company’s stock.

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.