Santacruz Silver Mining (CVE:SCZ) Trading 20% Higher - Still a Buy?

Key Points

• Santacruz Silver Mining Ltd. (CVE:SCZ) experienced a 20% increase in stock price, reaching a high of C$1.42 compared to its previous close of C$1.15.
• The trading volume of the stock surged, with approximately 1.45 million shares exchanged on Tuesday, a 98% increase from the average session volume.
• Corporate insiders have collectively sold 370,100 shares valued at C$468,088 over the last 90 days, with insiders owning only 7.00% of the company's stock.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) rose 20% during mid-day trading on Tuesday . The company traded as high as C$1.42 and last traded at C$1.38. Approximately 1,449,873 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 730,629 shares. The stock had previously closed at C$1.15.

Santacruz Silver Mining Trading Down 4.1%

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 firm has a market cap of C$347.85 million, a price-to-earnings ratio of 2.29 and a beta of 2.15. The business has a 50 day moving average price of C$1.15 and a 200-day moving average price of C$0.71.

Insider Transactions at Santacruz Silver Mining

In other news, Director Roland Lohner sold 50,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of C$1.28, for a total value of C$64,005.00. Also, Director W. Barry Girling sold 20,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of C$1.36, for a total value of C$27,160.00. In the last quarter, insiders sold 370,100 shares of company stock valued at $468,088. Insiders own 7.00% of the company's stock.

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.