Santacruz Silver Mining (CVE:SCZ) Trading Down 5% - Here's What Happened

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) fell 5% on Monday . The company traded as low as C$0.38 and last traded at C$0.38. 676,912 shares were traded during trading, an increase of 37% from the average session volume of 494,862 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

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 business's fifty day moving average is C$0.45 and its 200-day moving average is C$0.37. 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 firm has a market cap of C$127.63 million, a P/E ratio of 0.84 and a beta of 2.15.

Insider Activity

In other news, Director Arturo Préstamo Elizondo purchased 1,050,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$0.40 per share, for a total transaction of C$420,000.00. 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.