Santacruz Silver Mining (CVE:SCZ) Stock Price Up 20% - Should You Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) shot up 20% during trading on Wednesday . The company traded as high as C$0.45 and last traded at C$0.45. 1,184,830 shares traded hands during trading, an increase of 135% from the average session volume of 504,383 shares. The stock had previously closed at C$0.38.

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 7.8 %

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$137.64 million, a P/E ratio of 0.91 and a beta of 2.15. The business's fifty day simple moving average is C$0.45 and its 200 day simple moving average is C$0.37.

Insider Activity at Santacruz Silver Mining

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$0.40 per share, for a total transaction of C$420,000.00. 7.00% of the stock is currently owned by company insiders.

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.