Santacruz Silver Mining (CVE:SCZ) Director Sells C$472,000.00 in Stock

Santacruz Silver Mining Ltd. (CVE:SCZ) Director Jorge Federico Villasenor sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of C$9.44, for a total transaction of C$472,000.00. Following the completion of the sale, the director directly owned 606,667 shares of the company’s stock, valued at approximately C$5,726,936.48. This represents a 7.61% decrease in their ownership of the stock.

Santacruz Silver Mining Trading Down 5.5%

Santacruz Silver Mining stock opened at C$8.90 on Friday. Santacruz Silver Mining Ltd. has a 12-month low of C$4.46 and a 12-month high of C$23.90. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.54 and a quick ratio of 0.51. The stock has a market capitalization of C$825.39 million, a PE ratio of 13.69 and a beta of 3.30. The firm has a 50 day simple moving average of C$9.89 and a 200-day simple moving average of C$12.43.

Analysts Set New Price Targets

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

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.