Santacruz Silver Mining (CVE:SCZ) Trading 20% Higher - Here's What Happened

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.

Santacruz Silver Mining Ltd. (CVE:SCZ - )'s stock price shot up 20% on Tuesday . The company traded as high as C$1.42 and last traded at C$1.38. 1,449,873 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 730,629 shares. The stock had previously closed at C$1.15.

Santacruz Silver Mining Stock Up 20.4%

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 stock has a market cap of C$346.59 million, a P/E ratio of 2.28 and a beta of 2.15. The company has a 50-day simple moving average of C$1.09 and a two-hundred day simple moving average of C$0.68.

Insider Buying and Selling at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director W. Barry Girling sold 45,000 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$1.26, for a total transaction of C$56,700.00. Also, Director Roland Lohner sold 60,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of C$1.25, for a total value of C$75,198.00. Insiders have sold 370,100 shares of company stock valued at $468,088 over the last 90 days. 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.

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