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

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

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

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

Insider Transactions at Santacruz Silver Mining

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

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.