Santacruz Silver Mining (CVE:SCZ) Trading Up 10.7% - Here's Why

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) shot up 10.7% during mid-day trading on Wednesday . The stock traded as high as C$0.42 and last traded at C$0.42. 617,092 shares changed hands during mid-day trading, an increase of 23% from the average session volume of 500,081 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of Santacruz Silver Mining to a "strong-buy" rating in a research note on Tuesday, January 21st.

Santacruz Silver Mining Trading Up 7.8 %

The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54. The company has a market capitalization of C$137.64 million, a P/E ratio of 0.91 and a beta of 2.15. The firm's 50-day moving average price is C$0.45 and its 200 day moving average price is C$0.37.

Insiders Place Their Bets

In related news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. Corporate 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.