Santacruz Silver Mining (CVE:SCZ) Trading 12% Higher – Should You Buy?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) shot up 12% during trading on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.42. 685,129 shares were traded during mid-day trading, an increase of 36% from the average session volume of 502,818 shares. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Trading Up 18.7 %

The company has a market capitalization of C$111.36 million, a price-to-earnings ratio of 0.73 and a beta of 2.15. 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 business’s 50-day moving average price is C$0.44 and its two-hundred day moving average price is C$0.37.

Insider Activity

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of C$0.40 per share, for a total transaction 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.