Santacruz Silver Mining (CVE:SCZ) Reaches New 1-Year High – Here’s Why

Santacruz Silver Mining Ltd. (CVE:SCZ) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.12 and last traded at C$3.08, with a volume of 1237624 shares changing hands. The stock had previously closed at C$2.81.

Santacruz Silver Mining Stock Performance

The firm’s 50-day moving average price is C$9.14 and its 200-day moving average price is C$7.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.22 and a quick ratio of 0.51. The stock has a market cap of C$5.24 billion, a P/E ratio of 22.42 and a beta of 2.30.

Insider Activity

In related news, Director W. Barry Girling sold 5,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of C$9.12, for a total value of C$45,600.00. Following the sale, the director directly owned 303,975 shares in the company, valued at approximately C$2,772,252. The trade was a 1.62% decrease in their ownership of the stock. Insiders sold 8,750 shares of company stock valued at $76,900 over the last quarter. 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.