Santacruz Silver Mining (CVE:SCZ) Stock Price Up 8.9% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares traded up 8.9% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. 75,000 shares changed hands during trading, a decline of 35% from the average session volume of 114,720 shares. The stock had previously closed at C$0.28.

Santacruz Silver Mining Trading Up 3.3 %

The company has a 50 day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.33. The company has a debt-to-equity ratio of 15.33, a quick ratio of 0.51 and a current ratio of 1.13. The firm has a market cap of C$110.32 million, a PE ratio of 0.55 and a beta of 2.15.

Insider Buying and Selling

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo bought 88,229 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of C$0.39 per share, for a total transaction of C$34,409.31. 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.