Santacruz Silver Mining (CVE:SCZ) Trading 12% Higher – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price traded up 12% during mid-day trading on Thursday . The stock traded as high as C$15.32 and last traded at C$15.14. 406,627 shares changed hands during trading, an increase of 54% from the average session volume of 263,210 shares. The stock had previously closed at C$13.52.

Santacruz Silver Mining Stock Performance

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 firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 22.42 and a beta of 2.30. The stock’s 50-day moving average is C$2.47 and its 200-day moving average is C$1.82.

Insider Buying and Selling

In other news, Director W. Barry Girling sold 5,000 shares of Santacruz Silver Mining stock in a transaction dated Friday, September 12th. The stock was sold at an average price of C$9.12, for a total transaction of C$45,600.00. Following the sale, the director directly owned 303,975 shares of the company’s stock, valued at approximately C$2,772,252. This trade represents a 1.62% decrease in their ownership of the stock. Insiders sold 8,750 shares of company stock valued at $76,900 in the last ninety days. 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.