Santacruz Silver Mining (CVE:SCZ) Shares Up 4.5% - Should You Buy?

Key Points

• Santacruz Silver Mining Ltd. shares rose 4.5% on a trading volume increase of 126%, closing at C$2.30 after reaching a high of C$2.33.
• Insider transactions included Director W. Barry Girling selling 20,000 shares and Director Larry Minoru Okada selling 225,000 shares, indicating significant selling activity among executives.
• The company specializes in the exploration and operation of mineral properties, focusing primarily on silver, zinc, copper, and lead across its assets in Mexico and Bolivia.

Santacruz Silver Mining Ltd. (CVE:SCZ - )'s stock price traded up 4.5% during trading on Monday . The company traded as high as C$2.33 and last traded at C$2.30. 2,083,857 shares traded hands during trading, an increase of 126% from the average session volume of 922,362 shares. The stock had previously closed at C$2.20.

Santacruz Silver Mining Stock Up 4.5%

The company's 50-day moving average is C$2.13 and its 200 day moving average is C$1.31. The stock has a market capitalization of C$827.91 million, a PE ratio of 14.38 and a beta of 2.16. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director W. Barry Girling sold 20,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$2.18, for a total transaction of C$43,600.00. Following the transaction, the director directly owned 1,255,900 shares of the company's stock, valued at C$2,737,862. This trade represents a 1.57% decrease in their ownership of the stock. Also, Director Larry Minoru Okada sold 225,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$2.21, for a total transaction of C$497,250.00. Following the transaction, the director owned 157,667 shares of the company's stock, valued at approximately C$348,444.07. This trade represents a 58.80% decrease in their position. Over the last ninety days, insiders sold 750,000 shares of company stock valued at $1,519,415. 7.00% of the stock is owned by company 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.