Santacruz Silver Mining (CVE:SCZ) Stock Price Up 20% - Here's Why

Key Points

• Santacruz Silver Mining Ltd. experienced a stock price increase of 20%, trading up to C$1.42, with a total trading volume of 1,449,873 shares, marking a 98% surge from its average daily volume.
• The company has a market capitalization of C$346.59 million and shows strong growth indicators with a favorable P/E ratio of 2.28 and a beta of 2.15.
• Insiders sold a total of 370,100 shares in the past 90 days, highlighting significant trading activity among company directors.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) were up 20% during trading on Tuesday . The company traded as high as C$1.42 and last traded at C$1.38. Approximately 1,449,873 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 730,629 shares. The stock had previously closed at C$1.15.

Santacruz Silver Mining Trading Up 20.4%

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 stock's 50 day moving average price is C$1.09 and its 200-day moving average price is C$0.68. The stock has a market capitalization of C$346.59 million, a P/E ratio of 2.28 and a beta of 2.15.

Insider Activity at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director W. Barry Girling sold 20,000 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of C$1.36, for a total value of C$27,160.00. Also, Director Roland Lohner sold 50,000 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of C$1.28, for a total transaction of C$64,005.00. Over the last 90 days, insiders sold 370,100 shares of company stock valued at $468,088. 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.

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