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

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) were up 13.3% during trading on Saturday . The stock traded as high as C$0.54 and last traded at C$0.51. Approximately 1,566,982 shares traded hands during mid-day 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 Analysts Forecast Growth

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

Santacruz Silver Mining Trading Up 13.3 %

The business’s fifty day simple moving average is C$0.45 and its 200 day simple moving average is C$0.37. The stock has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased 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 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.