Santacruz Silver Mining (CVE:SCZ) Shares Down 7.2% – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price traded down 7.2% on Thursday . The company traded as low as C$2.84 and last traded at C$2.84. 521,090 shares traded hands during trading, a decline of 49% from the average session volume of 1,028,812 shares. The stock had previously closed at C$3.06.

Santacruz Silver Mining Stock Up 2.5%

The company’s 50 day simple moving average is C$2.25 and its 200-day simple moving average is C$1.68. 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 capitalization of C$1.05 billion, a PE ratio of 18.00 and a beta of 2.30.

Insider Buying and Selling

In related news, Director Roland Lohner sold 100,000 shares of Santacruz Silver Mining stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$2.26, for a total transaction of C$226,000.00. Following the completion of the sale, the director owned 531,300 shares of the company’s stock, valued at approximately C$1,200,738. This trade represents a 15.84% decrease in their ownership of the stock. Also, Director W. Barry Girling sold 20,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of C$2.28, for a total value of C$45,600.00. Following the transaction, the director owned 1,215,900 shares of the company’s stock, valued at approximately C$2,772,252. The trade was a 1.62% decrease in their ownership of the stock. Over the last quarter, insiders have sold 505,000 shares of company stock worth $1,120,800. Corporate 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.