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

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price was up 13.3% during mid-day trading on Friday . The stock 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.

Analysts Set New Price Targets

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 Stock Performance

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

Insider Buying and Selling at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought 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.