Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – Time to Buy?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) rose 13.3% during 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.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Trading Up 13.3 %

The firm’s 50-day simple moving average is C$0.45 and its 200-day simple moving average is 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 quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

Insider Activity

In related news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is currently owned by corporate 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.