Santacruz Silver Mining (CVE:SCZ) Hits New 12-Month High - Time to 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 - Get Free Report)'s stock price reached a new 52-week high during trading 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 Price Performance

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 company has a market cap of C$871.10 million, a P/E ratio of 15.13 and a beta of 1.82. The business's fifty day moving average is C$1.51 and its 200 day moving average is C$0.95.

Insider Buying and Selling

In related news, Director Roland Lohner sold 100,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$2.26, for a total value of C$226,000.00. Following the sale, 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 position. 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 sale, the director directly owned 1,315,900 shares in the company, valued at C$2,622,588.70. This trade represents a 1.50% decrease in their position. In the last quarter, insiders have sold 840,100 shares of company stock valued at $1,505,348. 7.00% of the stock is owned by company insiders.

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.