Santacruz Silver Mining (CVE:SCZ) Stock Price Down 1.8% – Time to Sell?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price dropped 1.8% during trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.28. Approximately 336,369 shares changed hands during trading, a decline of 26% from the average daily volume of 455,374 shares. The stock had previously closed at C$0.28.

Santacruz Silver Mining Stock Performance

The business has a fifty day simple moving average of C$0.36 and a two-hundred day simple moving average of C$0.36. The company has a market cap of C$97.86 million, a P/E ratio of 0.49 and a beta of 2.15. The company has a quick ratio of 0.51, a current ratio of 1.13 and a debt-to-equity ratio of 15.33.

Insider Buying and Selling

In related news, Director Arturo Préstamo Elizondo bought 88,229 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of C$0.39 per share, with a total value of C$34,409.31. 7.00% of the stock is currently owned by insiders.

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.