Santacruz Silver Mining (CVE:SCZ) Trading Up 15.6% – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ) shares shot up 15.6% on Friday . The company traded as high as C$0.54 and last traded at C$0.52. 1,434,777 shares traded hands during trading, an increase of 171% from the average session volume of 529,788 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Price Performance

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

Insider Transactions at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. 7.00% of the stock is 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.