Santacruz Silver Mining (CVE:SCZ) Stock Price Up 8.1% – Time to Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) rose 8.1% during trading on Wednesday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 435,550 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 373,600 shares. The stock had previously closed at C$0.37.

Analyst Ratings Changes

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

Santacruz Silver Mining Trading Up 8.1 %

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 fifty day moving average price of C$0.34 and a two-hundred day moving average price of C$0.34. The firm has a market capitalization of C$100.10 million, a price-to-earnings ratio of 0.66 and a beta of 2.15.

Insider Buying and Selling at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. 7.00% of the stock is owned by company 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.