Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% - Here's What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) traded up 13.3% on Friday . The stock traded as high as C$0.54 and last traded at C$0.51. 1,566,982 shares changed hands during mid-day trading, an increase of 194% from the average session volume of 532,113 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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

Santacruz Silver Mining Stock Down 8.9 %

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. The company has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15.

Insiders Place Their Bets

In related news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$0.40 per share, for a total transaction 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.