Santacruz Silver Mining (CVE:SCZ) Trading Down 0.8% After Insider Selling

Key Points

• Santacruz Silver Mining Ltd. shares fell 0.8% to C$1.28 after insider sales were reported, increasing trading volume by 13% to approximately 818,420 shares.
• Director Roland Lohner sold a total of 100,000 shares across two transactions, with sales prices averaging C$1.28 and C$1.45, totaling C$136,505.
• The company has a market cap of C$320.32 million and a P/E ratio of 2.11, indicating its stock is perceived as undervalued compared to earnings.

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report)'s share price traded down 0.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as C$1.22 and last traded at C$1.28. 818,420 shares were traded during mid-day trading, an increase of 13% from the average session volume of 722,570 shares. The stock had previously closed at C$1.29.

Specifically, Director Roland Lohner sold 50,000 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of C$1.28, for a total transaction of C$64,005.00. Also, Director Roland Lohner sold 50,000 shares of Santacruz Silver Mining stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of C$1.45, for a total value of C$72,500.00. In related news, Director W. Barry Girling sold 20,000 shares of Santacruz Silver Mining stock in a transaction dated Friday, July 25th. The stock was sold at an average price of C$1.36, for a total value of C$27,160.00.

Santacruz Silver Mining Trading Up 0.9%

The company has a market cap of C$287.79 million, a PE ratio of 1.89 and a beta of 2.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51. The company has a 50-day moving average of C$1.08 and a 200 day moving average of C$0.67.

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.