Santacruz Silver Mining (CVE:SCZ) Hits New 52-Week High - Still a Buy?

Key Points

• Santacruz Silver Mining Ltd. reached a new 52-week high, trading at C$2.24, significantly up from its previous close of C$2.10.
• Despite the recent price surge, insider trading activity saw directors selling shares, indicating a potential caution for investors.
• The company is primarily focused on mining silver and zinc in Latin America, with significant assets including the Zimapan Mine in Mexico and properties in Bolivia.

Santacruz Silver Mining Ltd. (CVE:SCZ - )'s share price hit a new 52-week high on Wednesday . The company traded as high as C$2.24 and last traded at C$2.24, with a volume of 1700881 shares. The stock had previously closed at C$2.10.

Santacruz Silver Mining Stock Up 7.1%

The firm has a 50-day moving average of C$1.44 and a two-hundred day moving average of C$0.90. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of C$809.91 million, a PE ratio of 14.06 and a beta of 1.82.

Insider Buying and Selling

In other news, Director Roland Lohner sold 50,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of C$1.28, for a total transaction of C$64,005.00. Also, Director W. Barry Girling sold 20,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of C$1.99, for a total transaction of C$39,860.00. Following the completion of the transaction, the director owned 1,315,900 shares in the company, valued at approximately C$2,622,588.70. This trade represents a 1.50% decrease in their position. In the last ninety days, insiders have sold 410,100 shares of company stock worth $545,848. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.