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

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price was up 13.3% during mid-day trading on Saturday . The stock 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 Santacruz Silver Mining to a “strong-buy” rating in a research note on Tuesday, January 21st.

Santacruz Silver Mining Stock Up 13.3 %

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 company has a market capitalization of C$127.63 million, a price-to-earnings ratio of 0.84 and a beta of 2.15. The business’s 50 day moving average is C$0.45 and its 200 day moving average is C$0.37.

Insider Activity at Santacruz Silver Mining

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

About Santacruz Silver Mining

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.