Santacruz Silver Mining (CVE:SCZ) Shares Up 8% – What’s Next?

Santacruz Silver Mining Ltd. (CVE:SCZ) traded up 8% on Wednesday . The stock traded as high as C$0.41 and last traded at C$0.41. 552,243 shares traded hands during trading, an increase of 11% from the average session volume of 497,834 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

The firm’s fifty day moving average price is C$0.45 and its 200-day moving average price is C$0.37. The company has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insider Activity at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$0.40 per share, with a total value of C$420,000.00. Corporate insiders own 7.00% of the company’s stock.

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.