Santacruz Silver Mining (CVE:SCZ) Trading Up 5.5% – Time to Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price was up 5.5% during mid-day trading on Friday . The company traded as high as C$9.80 and last traded at C$9.78. Approximately 514,659 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 444,811 shares. The stock had previously closed at C$9.27.

Analyst Ratings Changes

Separately, Maxim Group upgraded shares of Santacruz Silver Mining to a “strong-buy” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Santacruz Silver Mining Stock Performance

The stock’s 50 day moving average price is C$11.29 and its 200 day moving average price is C$12.98. The company has a current ratio of 1.54, a quick ratio of 0.51 and a debt-to-equity ratio of 4.06. The company has a market cap of C$907.01 million, a price-to-earnings ratio of 15.05 and a beta of 3.09.

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.