Santacruz Silver Mining (CVE:SCZ) Trading 7% Higher – Here’s What Happened

Santacruz Silver Mining Ltd. (CVE:SCZ – Get Free Report)’s share price rose 7% during mid-day trading on Tuesday . The company traded as high as C$14.56 and last traded at C$14.50. Approximately 592,780 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 461,908 shares. The stock had previously closed at C$13.55.

Santacruz Silver Mining Stock Up 7.0%

The stock has a market capitalization of C$1.32 billion, a PE ratio of 22.66 and a beta of 2.30. The firm has a 50 day moving average of C$10.53 and a two-hundred day moving average of C$8.28. The company has a current ratio of 1.22, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54.

About Santacruz Silver Mining

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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.

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