Santacruz Silver Mining (CVE:SCZ) Sets New 1-Year High – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.56 and last traded at C$0.57, with a volume of 567798 shares traded. The stock had previously closed at C$0.52.

Wall Street Analysts Forecast Growth

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 Stock Performance

The stock has a 50 day simple moving average of C$0.37 and a 200 day simple moving average of C$0.34. 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 market cap of C$141.39 million, a price-to-earnings ratio of 0.93 and a beta of 2.15.

Insider Buying and Selling

In other news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the company’s stock in a transaction that occurred 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. 7.00% of the stock is currently owned by corporate insiders.

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.