Santacruz Silver Mining (CVE:SCZ) Trading Up 7.1% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) was up 7.1% during mid-day trading on Tuesday . The company traded as high as C$13.92 and last traded at C$13.80. Approximately 285,815 shares changed hands during trading, a decline of 40% from the average daily volume of 479,632 shares. The stock had previously closed at C$12.88.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of Santacruz Silver Mining to a “strong-buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Santacruz Silver Mining Price Performance

The company has a quick ratio of 0.51, a current ratio of 1.41 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average is C$11.95 and its two-hundred day moving average is C$12.50. The company has a market capitalization of C$1.28 billion, a P/E ratio of 30.00 and a beta of 2.83.

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.