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

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) traded up 13.3% during mid-day trading on Saturday . The stock traded as high as C$0.54 and last traded at C$0.51. 1,566,982 shares changed hands 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 upgraded Santacruz Silver Mining to a "strong-buy" rating in a report on Tuesday, January 21st.

Santacruz Silver Mining Price Performance

The firm has a market capitalization of C$132.63 million, a P/E ratio of 0.87 and a beta of 2.15. The business's 50-day simple moving average is C$0.46 and its 200 day simple moving average is C$0.37. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

Insider Activity at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. 7.00% of the stock is owned by insiders.

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.