Santacruz Silver Mining (CVE:SCZ) Trading 10% Higher – Still a Buy?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ – Get Free Report) traded up 10% during mid-day trading on Friday . The company traded as high as C$0.

51 and last traded at C$0.50. 824,846 shares changed hands during trading, an increase of 60% from the average session volume of 516,290 shares.



The stock had previously closed at C$0.45.Wall Street Analysts Forecast GrowthSeparately, Atrium Research upgraded Santacruz Silver Mining to a “strong-buy” rating in a report on Tuesday, January 21st.

Get Our Latest Report on Santacruz Silver MiningSantacruz Silver Mining Price PerformanceThe firm has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.

15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.

22 and a quick ratio of 0.51. The stock’s 50-day simple moving average is C$0.

45 and its two-hundred day simple moving average is C$0.37. Insider Activity at Santacruz Silver MiningIn other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of Santacruz Silver Mining stock in a transaction on Tuesday, February 18th.

The shares were acquired at an average price of C$0.40 per share, for a total transaction of C$420,000.00.

7.00% of the stock is currently owned by insiders. About Santacruz Silver Mining (Get Free Report)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.

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