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

Santacruz Silver Mining Ltd. (CVE:SCZGet Free Report) rose 13.3% during trading on Saturday . The company traded as high as C$0.54 and last traded at C$0.51. Approximately 1,566,982 shares were traded 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 Analysts Forecast Growth

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

View Our Latest Stock Analysis on SCZ

Santacruz Silver Mining Stock Performance

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

Insider Activity

In related news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price 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

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Santacruz Silver Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santacruz Silver Mining and related companies with MarketBeat.com's FREE daily email newsletter.