Santacruz Silver Mining (CVE:SCZ) Hits New 1-Year High - Still a Buy?

Key Points

• Santacruz Silver Mining Ltd. shares have reached a new 52-week high of C$2.92, reflecting an increase from a previous close of C$2.76, with substantial trading volume of 457,115 shares.
• The company has a market capitalization of C$1.03 billion, a PE ratio of 17.94, and has seen recent insider selling, including a significant transaction by Director Roland Lohner.
• Santacruz focuses on the acquisition and operation of mineral properties, primarily exploring for silver, zinc, lead, and copper in Latin America, including interests in mines in Mexico and Bolivia.

Santacruz Silver Mining Ltd. (CVE:SCZ - ) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.92 and last traded at C$2.92, with a volume of 457115 shares changing hands. The stock had previously closed at C$2.76.

Santacruz Silver Mining Stock Performance

The firm has a 50 day moving average of C$1.74 and a two-hundred day moving average of C$1.09. The stock has a market cap of C$1.03 billion, a PE ratio of 17.94 and a beta of 1.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51.

Insider Activity

In other news, Director Roland Lohner sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of C$2.26, for a total value of C$226,000.00. Following the transaction, the director owned 531,300 shares of the company's stock, valued at approximately C$1,200,738. The trade was a 15.84% decrease in their ownership of the stock. Also, Director W. Barry Girling sold 45,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$1.26, for a total value of C$56,700.00. Over the last 90 days, insiders have sold 895,100 shares of company stock valued at $1,651,278. Company insiders own 7.00% of the company's stock.

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.

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