Santacruz Silver Mining (CVE:SCZ) Stock Price Up 5.5% – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price shot up 5.5% during trading on Friday . The company traded as high as C$0.39 and last traded at C$0.39. 161,638 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 359,955 shares. The stock had previously closed at C$0.37.

Santacruz Silver Mining Price Performance

The stock has a market capitalization of C$135.23 million, a P/E ratio of 0.65 and a beta of 2.15. The company has a quick ratio of 0.51, a current ratio of 1.13 and a debt-to-equity ratio of 15.33. The company has a 50 day moving average of C$0.33 and a 200-day moving average of C$0.35.

Santacruz Silver Mining (CVE:SCZ) last issued its earnings results on Thursday, August 15th. The company reported C$0.01 earnings per share for the quarter. Santacruz Silver Mining had a return on equity of 223.48% and a net margin of 58.16%. The firm had revenue of C$96.44 million for the quarter. Sell-side analysts predict that Santacruz Silver Mining Ltd. will post 0.0104762 EPS for the current year.

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.