Santacruz Silver Mining (CVE:SCZ) Trading Up 18.7% - 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.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) rose 18.7% on Tuesday . The stock traded as high as C$1.42 and last traded at C$1.37. Approximately 1,015,671 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 727,300 shares. The stock had previously closed at C$1.15.

Santacruz Silver Mining Stock Performance

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. 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$350.35 million, a PE ratio of 2.30 and a beta of 2.15.

Insider Buying and Selling at Santacruz Silver Mining

In other Santacruz Silver Mining news, Director W. Barry Girling sold 45,000 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of C$1.26, for a total value of C$56,700.00. Also, Director Roland Lohner sold 60,000 shares of the business's stock in a transaction 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. In the last three months, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.