Santacruz Silver Mining (CVE:SCZ) Reaches New 1-Year High - Here's Why

Key Points

• Santacruz Silver Mining shares reached a new 52-week high of C$2.55, with significant trading volume of 858,409 shares.
• Insider activity indicates a decrease in ownership, with Directors Girling and Lohner selling a combined total of 120,000 shares recently.
• The company focuses on the exploration and operation of mineral properties in Latin America, specializing in silver, zinc, lead, and copper deposits.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) hit a new 52-week high on Monday . The stock traded as high as C$2.55 and last traded at C$2.53, with a volume of 858409 shares trading hands. The stock had previously closed at C$2.35.

Santacruz Silver Mining Stock Performance

The stock's 50 day moving average price is C$1.62 and its 200 day moving average price is C$1.01. The company has a market cap of C$910.70 million, a price-to-earnings ratio of 15.81 and a beta of 1.82. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insiders Place Their Bets

In other Santacruz Silver Mining news, Director W. Barry Girling sold 20,000 shares of the stock in a transaction 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 directly owned 1,315,900 shares in the company, valued at C$2,622,588.70. This represents a 1.50% decrease in their ownership of the stock. Also, Director Roland Lohner sold 100,000 shares of Santacruz Silver Mining stock in a transaction dated 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 completion of 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 ownership of the stock. Over the last three months, insiders have sold 940,100 shares of company stock worth $1,693,838. 7.00% of the stock is owned by corporate 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.

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.