Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) shares rose 13.3% 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 mid-day trading, an increase of 194% from the average daily volume of 532,113 shares. The stock had previously closed at C$0.45.
Wall Street Analyst Weigh In
Separately, Atrium Research raised shares of Santacruz Silver Mining to a "strong-buy" rating in a research report on Tuesday, January 21st.
Get Our Latest Stock Analysis on SCZ
Santacruz Silver Mining Stock Performance
The company has a market cap of C$132.63 million, a PE ratio of 0.87 and a beta of 2.15. The company has a 50-day moving average of C$0.46 and a 200-day moving average of C$0.37. The company has a quick ratio of 0.51, a current ratio of 1.22 and a debt-to-equity ratio of 0.54.
Insiders Place Their Bets
In related news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the firm's stock in a transaction that occurred on 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. 7.00% of the stock is currently owned by insiders.
About Santacruz Silver Mining
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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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