Santacruz Silver Mining (CVE:SCZ) Hits New 12-Month High - Still a Buy?

Key Points

• Santacruz Silver Mining Ltd. shares reached a new 52-week high of C$1.46, with a total trading volume of 776,473 shares.
• The company has a market capitalization of C$362.86 million and significant insider activity, with insiders selling 370,100 shares valued at approximately $468,088 over the last 90 days.
• Santacruz Silver Mining primarily focuses on the exploration and operation of silver and zinc properties in Latin America, holding 100% interests in key mining assets in Mexico and Bolivia.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.46 and last traded at C$1.46, with a volume of 776473 shares traded. The stock had previously closed at C$1.42.

Santacruz Silver Mining Trading Up 2.1%

The firm has a market capitalization of C$362.86 million, a PE ratio of 2.39 and a beta of 2.15. The business has a 50 day moving average price of C$1.12 and a 200-day moving average price of C$0.69. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insider Activity at Santacruz Silver Mining

In related news, Director Roland Lohner sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of C$1.25, for a total value of C$75,198.00. Also, Director W. Barry Girling sold 45,000 shares of the firm's 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. Insiders sold a total of 370,100 shares of company stock valued at $468,088 over the last ninety days. 7.00% of the stock is currently owned by company 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.

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