Santacruz Silver Mining (CVE:SCZ) Reaches New 12-Month High – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.48 and last traded at C$0.48, with a volume of 578312 shares traded. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of Santacruz Silver Mining to a “strong-buy” rating in a research note on Tuesday, January 21st.

Santacruz Silver Mining Trading Up 12.4 %

The firm has a market cap of C$125.12 million, a P/E ratio of 0.82 and a beta of 2.15. The business’s 50-day moving average is C$0.35 and its two-hundred day moving average is C$0.34. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

Insider Activity

In other Santacruz Silver Mining news, Director Arturo Préstamo Elizondo acquired 1,050,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of C$0.40 per share, with a total value of C$420,000.00. Corporate insiders own 7.00% of the company’s stock.

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.