Santacruz Silver Mining (CVE:SCZ) Trading 13.3% Higher – Here’s Why

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) were up 13.3% during trading on Saturday . The company traded as high as C$0.54 and last traded at C$0.51. Approximately 1,566,982 shares changed hands during trading, an increase of 194% from the average daily volume of 532,113 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

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 Up 13.3 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 1.22. The company has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15. The stock has a 50 day moving average price of C$0.45 and a 200 day moving average price of C$0.37.

Insider Buying and Selling at Santacruz Silver Mining

In related 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 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.