Santacruz Silver Mining (CVE:SCZ) Sets New 52-Week High – Here’s What Happened

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.56 and last traded at C$0.57, with a volume of 567798 shares changing hands. The stock had previously closed at C$0.52.

Wall Street Analysts Forecast Growth

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

Santacruz Silver Mining Trading Up 3.5 %

The company’s fifty day moving average price is C$0.38 and its two-hundred day moving average price is C$0.35. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The firm has a market cap of C$147.65 million, a P/E ratio of 0.97 and a beta of 2.15.

Insider Transactions at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is owned by insiders.

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.