Santacruz Silver Mining (CVE:SCZ) Hits New 1-Year High – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$3.12 and last traded at C$3.08, with a volume of 1237624 shares traded. The stock had previously closed at C$2.81.

Santacruz Silver Mining Price Performance

The business has a 50 day simple moving average of C$2.25 and a 200-day simple moving average of C$1.72. 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 stock has a market cap of C$1.11 billion, a P/E ratio of 19.00 and a beta of 2.30.

Insider Activity

In related news, Director W. Barry Girling sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$2.18, for a total transaction of C$43,600.00. Following the transaction, the director owned 1,255,900 shares in the company, valued at C$2,737,862. The trade was a 1.57% decrease in their position. Also, Director Roland Lohner sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$2.26, for a total value of C$226,000.00. Following the transaction, the director directly owned 531,300 shares in the company, valued at C$1,200,738. This trade represents a 15.84% decrease in their ownership of the stock. Over the last ninety days, insiders sold 485,000 shares of company stock valued at $1,080,000. 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.