Santacruz Silver Mining (CVE:SCZ) Shares Up 8.1% – What’s Next?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) traded up 8.1% during trading on Wednesday . The stock traded as high as C$0.40 and last traded at C$0.40. 435,550 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 373,600 shares. The stock had previously closed at C$0.37.

Analyst Upgrades and Downgrades

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

Santacruz Silver Mining Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51. The firm has a market capitalization of C$100.10 million, a price-to-earnings ratio of 0.66 and a beta of 2.15. The stock has a 50 day moving average price of C$0.34 and a two-hundred day moving average price of C$0.34.

Insider Buying and Selling at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of C$0.40 per share, for a total transaction 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.