Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% - Time to Buy?

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

Santacruz Silver Mining Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of C$130.13 million, a price-to-earnings ratio of 0.86 and a beta of 2.15. The company's 50 day moving average is C$0.46 and its 200 day moving average is C$0.37.

Insider Transactions at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of C$0.40 per share, with a total value of C$420,000.00. 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.