Santacruz Silver Mining (CVE:SCZ) Trading Up 7.1% – Still a Buy?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s stock price was up 7.1% during trading on Tuesday . The stock traded as high as C$13.92 and last traded at C$13.80. Approximately 285,815 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 479,632 shares. The stock had previously closed at C$12.88.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised shares of Santacruz Silver Mining to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Santacruz Silver Mining Trading Up 7.1%

The firm has a market cap of C$1.28 billion, a price-to-earnings ratio of 30.00 and a beta of 2.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 0.51. The firm’s fifty day moving average is C$11.95 and its 200-day moving average is C$12.50.

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.