Santacruz Silver Mining (CVE:SCZ) Shares Up 8.9% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares shot up 8.9% on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. 75,000 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 114,720 shares. The stock had previously closed at C$0.28.

Santacruz Silver Mining Stock Performance

The business’s 50-day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.33. The company has a quick ratio of 0.51, a current ratio of 1.13 and a debt-to-equity ratio of 15.33. The firm has a market cap of C$110.32 million, a price-to-earnings ratio of 0.55 and a beta of 2.15.

Insider Activity at Santacruz Silver Mining

In related news, Director Arturo Préstamo Elizondo purchased 91,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of C$0.39 per share, with a total value of C$35,035.00. 7.00% of the stock is owned by company insiders.

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.