Santacruz Silver Mining (CVE:SCZ) Director Jorge Federico Villasenor Sells 50,000 Shares of Stock

Santacruz Silver Mining Ltd. (CVE:SCZ) Director Jorge Federico Villasenor sold 50,000 shares of Santacruz Silver Mining stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of C$9.44, for a total transaction of C$472,000.00. Following the sale, the director owned 606,667 shares in the company, valued at approximately C$5,726,936.48. This represents a 7.61% decrease in their ownership of the stock.

Santacruz Silver Mining Trading Up 7.8%

SCZ opened at C$9.21 on Wednesday. Santacruz Silver Mining Ltd. has a fifty-two week low of C$4.46 and a fifty-two week high of C$23.90. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.54 and a quick ratio of 0.51. The firm has a market capitalization of C$854.14 million, a price-to-earnings ratio of 14.17 and a beta of 3.30. The company’s 50 day moving average price is C$10.06 and its two-hundred day moving average price is C$12.49.

Analysts Set New Price Targets

Separately, Maxim Group raised Santacruz Silver Mining to a “strong-buy” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Santacruz Silver Mining currently has a consensus rating of “Strong Buy”.

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.