Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – Still a Buy?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) rose 13.3% during mid-day trading on Saturday . The company traded as high as C$0.54 and last traded at C$0.51. Approximately 1,566,982 shares traded 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 Analysts Forecast Growth

Separately, Atrium Research upgraded Santacruz Silver Mining to a “strong-buy” rating in a research report on Tuesday, January 21st.

Santacruz Silver Mining Trading Up 13.3 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 1.22. The company has a market capitalization of C$127.63 million, a PE ratio of 0.84 and a beta of 2.15. The stock has a fifty day moving average of C$0.45 and a 200 day moving average of C$0.37.

Insider Transactions at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. 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.