Santacruz Silver Mining (CVE:SCZ) Shares Up 8.9% - What's Next?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) were up 8.9% during mid-day trading on Friday . The stock traded as high as C$0.49 and last traded at C$0.49. Approximately 347,500 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 511,374 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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

Santacruz Silver Mining Stock Performance

The company has a fifty day moving average of C$0.45 and a two-hundred day moving average of C$0.37. The firm has a market capitalization of C$140.14 million, a price-to-earnings ratio of 0.92 and a beta of 2.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 1.22.

Insider Activity

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is currently owned by company 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.