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

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

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

The firm has a market cap of C$130.13 million, a PE ratio of 0.86 and a beta of 2.15. The stock has a 50-day moving average price of C$0.46 and a 200 day moving average price of C$0.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51.

Insider Buying and Selling

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of C$0.40 per share, for a total transaction of C$420,000.00. Corporate 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.