Santacruz Silver Mining (CVE:SCZ) Trading 13.3% Higher – Time to Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price was up 13.3% during trading on Friday . The company traded as high as C$0.54 and last traded at C$0.51. Approximately 1,566,982 shares changed hands during mid-day trading, an increase of 194% from the average daily volume of 532,113 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

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 stock has a market capitalization of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of C$0.45 and a two-hundred day moving average price of C$0.37.

Insiders Place Their Bets

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price 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.