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

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report)'s stock price shot up 13.3% on Saturday . The company traded as high as C$0.54 and last traded at C$0.51. 1,566,982 shares changed hands during 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 raised Santacruz Silver Mining to a "strong-buy" rating in a research report on Tuesday, January 21st.

Santacruz Silver Mining Trading Down 8.9 %

The company has a market cap of C$127.63 million, a price-to-earnings ratio of 0.84 and a beta of 2.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51. The business's fifty day moving average price is C$0.46 and its 200 day moving average price is C$0.37.

Insider Transactions at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$0.40 per share, with a total value of C$420,000.00. 7.00% of the stock is 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.