Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% - Should You Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) traded up 13.3% on Saturday . The company traded as high as C$0.54 and last traded at C$0.51. 1,566,982 shares were traded during trading, an increase of 194% from the average session volume of 532,113 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

Separately, Atrium Research raised Santacruz Silver Mining to a "strong-buy" rating in a research report on Tuesday, January 21st.

Santacruz Silver Mining Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 1.22. The stock's 50-day moving average is C$0.46 and its two-hundred day moving average is C$0.37. The stock has a market cap of C$132.63 million, a PE ratio of 0.87 and a beta of 2.15.

Insider Activity at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of C$0.40 per share, with a total value of C$420,000.00. Company insiders own 7.00% of the company's stock.

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.