Santacruz Silver Mining (CVE:SCZ) Trading 18.7% Higher - Still a Buy?

Key Points

• Santacruz Silver Mining Ltd. shares soared by 18.7% on Tuesday, trading at C$1.37 after closing at C$1.15, demonstrating significant market activity with over 1 million shares exchanged.
• The company's market capitalization stands at C$350.35 million, with a notably low PE ratio of 2.30, indicating potential undervaluation in the stock market.
• Insider selling was observed, with directors selling a total of 105,000 shares recently, raising questions about future stock performance among investors.

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report)'s share price shot up 18.7% during trading on Tuesday . The stock traded as high as C$1.42 and last traded at C$1.37. 1,015,671 shares traded hands during mid-day 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 Trading Down 4.1%

The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of C$1.15 and a 200 day simple moving average of C$0.71. The firm has a market cap of C$347.85 million, a PE ratio of 2.29 and a beta of 2.15.

Insider Activity at Santacruz Silver Mining

In other news, Director Roland Lohner sold 50,000 shares of the company's stock in a transaction that occurred 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. Also, Director W. Barry Girling sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of C$1.36, for a total value of C$27,160.00. In the last 90 days, insiders sold 370,100 shares of company stock worth $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.