Santacruz Silver Mining (CVE:SCZ) Shares Up 12% - What's Next?

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) shot up 12% on Wednesday . The company traded as high as C$0.42 and last traded at C$0.42. 685,129 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 502,818 shares. The stock had previously closed at C$0.38.

Analyst Upgrades and Downgrades

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

Santacruz Silver Mining Trading Up 7.8 %

The firm has a 50-day moving average price of C$0.45 and a 200-day moving average price of C$0.37. 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 capitalization of C$137.64 million, a PE ratio of 0.91 and a beta of 2.15.

Insiders Place Their Bets

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 1,050,000 shares of Santacruz Silver Mining stock in a transaction dated 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.