Santacruz Silver Mining (CVE:SCZ) Shares Up 20% - Time to Buy?

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.

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

Santacruz Silver Mining Stock Performance

The firm has a market capitalization of C$347.85 million, a P/E ratio of 2.29 and a beta of 2.15. The company's 50 day moving average is C$1.15 and its 200-day moving average is C$0.71. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.

Insiders Place Their Bets

In other news, Director Roland Lohner sold 60,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$1.25, for a total value of C$75,198.00. Also, Director W. Barry Girling sold 45,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$1.26, for a total transaction of C$56,700.00. Insiders sold 370,100 shares of company stock worth $468,088 over the last ninety days. Insiders own 7.00% of the company's stock.

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.