Santacruz Silver Mining (CVE:SCZ) Shares Up 5.5% – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price shot 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. 514,659 shares traded hands during trading, an increase of 16% from the average session volume of 444,811 shares. The stock had previously closed at C$9.27.

Analysts Set New Price Targets

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

Santacruz Silver Mining Stock Performance

The company has a quick ratio of 0.51, a current ratio of 1.54 and a debt-to-equity ratio of 4.06. The stock has a 50 day simple moving average of C$11.29 and a two-hundred day simple moving average of C$12.98. The stock has a market capitalization of C$907.01 million, a P/E 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.