Santacruz Silver Mining (CVE:SCZ) Trading Up 20% - What's Next?

Key Points

• Santacruz Silver Mining Ltd. shares surged by 20% to last trade at C$1.38, with trading volume significantly exceeding the daily average.
• The company has a market cap of C$346.59 million and notable financial ratios, including a P/E ratio of 2.28.
• Insider sales saw a total of 370,100 shares sold in the last quarter, indicating potential shifts in shareholder confidence.

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - ) were up 20% on Tuesday . The stock traded as high as C$1.42 and last traded at C$1.38. Approximately 1,449,873 shares changed hands during trading, an increase of 98% from the average daily 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 current ratio of 1.22, a quick ratio of 0.51 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 firm 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 stock in a transaction on Friday, July 11th. The stock was 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 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. Insiders have sold a total of 370,100 shares of company stock worth $468,088 in the last quarter. Company 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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