Santacruz Silver Mining (CVE:SCZ) Shares Up 13.3% – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price traded up 13.3% during mid-day trading on Monday . The company traded as high as C$2.12 and last traded at C$2.04. 736,162 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 962,832 shares. The stock had previously closed at C$1.80.

Santacruz Silver Mining Trading Up 13.6%

The firm has a market cap of C$747.21 million, a PE ratio of 12.78 and a beta of 2.07. The company has a 50-day simple moving average of C$2.25 and a 200 day simple moving average of C$1.46. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insiders Place Their Bets

In other news, Director Roland Lohner sold 100,000 shares of Santacruz Silver Mining 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 transaction of C$226,000.00. Following the sale, the director owned 531,300 shares of the company’s stock, valued at approximately C$1,200,738. The trade was a 15.84% decrease in their position. Also, Director W. Barry Girling sold 20,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of C$2.04, for a total transaction of C$40,800.00. Following the transaction, the director directly owned 1,295,900 shares of the company’s stock, valued at approximately C$2,643,636. This trade represents a 1.52% decrease in their position. Over the last 90 days, insiders have sold 630,000 shares of company stock worth $1,355,750. 7.00% of the stock is owned by corporate insiders.

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.