Santacruz Silver Mining (CVE:SCZ) Rating Increased to Strong-Buy at Atrium Research

Atrium Research upgraded shares of Santacruz Silver Mining (CVE:SCZ) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Santacruz Silver Mining Stock Performance

CVE:SCZ traded down C$0.00 on Tuesday, reaching C$0.31. 157,800 shares of the company’s stock were exchanged, compared to its average volume of 190,721. The company has a debt-to-equity ratio of 15.33, a current ratio of 1.13 and a quick ratio of 0.51. The firm has a market cap of C$110.32 million, a price-to-earnings ratio of 0.55 and a beta of 2.15. Santacruz Silver Mining has a 52 week low of C$0.18 and a 52 week high of C$0.48. The stock has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.33.

Insider Buying and Selling

In related news, Director Arturo Préstamo Elizondo purchased 88,229 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of C$0.39 per share, with a total value of C$34,409.31. 7.00% of the stock is currently owned by insiders.

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.