Santacruz Silver Mining (CVE:SCZ) Trading Up 13.3% – Still a Buy?

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

Wall Street Analyst Weigh In

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

Santacruz Silver Mining Price Performance

The company’s 50 day simple moving average is C$0.45 and its 200-day simple moving average is C$0.37. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The company has a market capitalization of C$127.63 million, a price-to-earnings ratio of 0.84 and a beta of 2.15.

Insider Buying and Selling

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

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.