Santacruz Silver Mining (CVE:SCZ) Stock Price Up 8.9% – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price rose 8.9% during mid-day trading on Friday . The stock traded as high as C$0.49 and last traded at C$0.49. Approximately 347,500 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 511,374 shares. The stock had previously closed at C$0.45.

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 Trading Up 10.0 %

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 cap of C$123.87 million, a price-to-earnings ratio of 0.81 and a beta of 2.15. The business’s 50-day moving average price is C$0.45 and its two-hundred day moving average price is C$0.37.

Insider Buying and Selling at Santacruz Silver Mining

In related news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost 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.