Santacruz Silver Mining (CVE:SCZ) Trading 19.1% Higher - Should You Buy?

Key Points

• Santacruz Silver Mining Ltd. shares surged by 19.1% on Tuesday, trading at a high of C$1.42, which is a significant increase from the previous close of C$1.15.
• The company's market cap is approximately C$350.35 million, and it has a notably low price-to-earnings ratio of 2.30.
• Insider trading activity revealed that executives sold a total of 370,100 shares valued at $468,088 over the last three months, indicating potential concerns among company leaders.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) traded up 19.1% during trading on Tuesday . The company traded as high as C$1.42 and last traded at C$1.37. 1,015,471 shares traded hands during trading, an increase of 40% from the average session volume of 727,300 shares. The stock had previously closed at C$1.15.

Santacruz Silver Mining Price Performance

The company's 50 day moving average price is C$1.09 and its 200-day moving average price is C$0.68. The company has a market cap of C$350.35 million, a price-to-earnings ratio of 2.30 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 at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director W. Barry Girling sold 20,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of C$1.36, for a total value of C$27,160.00. Also, Director Roland Lohner sold 50,000 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of C$1.28, for a total transaction of C$64,005.00. Over the last 90 days, insiders have sold 370,100 shares of company stock valued at $468,088. 7.00% of the stock is currently owned by corporate 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.

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