Santacruz Silver Mining (CVE:SCZ) Trading 8.1% Higher - Here's Why

Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report)'s share price was up 8.1% during trading on Wednesday . The company traded as high as C$0.40 and last traded at C$0.40. Approximately 435,550 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 373,600 shares. The stock had previously closed at C$0.37.

Analyst Ratings Changes

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

Santacruz Silver Mining Stock Performance

The firm has a market capitalization of C$113.86 million, a P/E ratio of 0.75 and a beta of 2.15. The stock has a fifty day simple moving average of C$0.35 and a two-hundred day simple moving average of C$0.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51.

Insiders Place Their Bets

In other news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the firm's 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. 7.00% of the stock is currently owned by corporate 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.