Santacruz Silver Mining (CVE:SCZ) Shares Down 8.3% - Here's What Happened

Key Points

• Shares fell 8.3% on Tuesday, trading as low as C$11.83 and last at C$11.89 (prior close C$12.96), with 142,823 shares changing hands — down about 47% from the average session volume.
• Santacruz Silver Mining (market capitalization C$1.10 billion) operates silver, zinc, lead and copper assets in Mexico and Bolivia (notably the Zimapan Mine) and shows a P/E of 18.77, 50-/200-day SMAs of C$9.26/C$7.24, current ratio 1.22 and debt-to-equity 0.54.

Santacruz Silver Mining Ltd. (CVE:SCZ - ) shares fell 8.3% on Tuesday . The stock traded as low as C$11.83 and last traded at C$11.89. 142,823 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 268,901 shares. The stock had previously closed at C$12.96.

Santacruz Silver Mining Trading Down 7.3%

The firm's 50 day simple moving average is C$9.26 and its two-hundred day simple moving average is C$7.24. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 18.77 and a beta of 2.30. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

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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