Santacruz Silver Mining (CVE:SCZ) Sets New 52-Week High – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.56 and last traded at C$0.57, with a volume of 567798 shares changing hands. The stock had previously closed at C$0.52.

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

The company’s fifty day moving average price is C$0.37 and its two-hundred day moving average price is C$0.34. 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 has a market capitalization of C$141.39 million, a PE ratio of 0.93 and a beta of 2.15.

Insiders Place Their Bets

In other news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is currently 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.