Santacruz Silver Mining (CVE:SCZ) Stock Price Down 2.8% – What’s Next?

Santacruz Silver Mining Ltd. (CVE:SCZ)’s share price dropped 2.8% during mid-day trading on Monday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 112,810 shares traded hands during trading, a decline of 23% from the average daily volume of 147,127 shares. The stock had previously closed at C$0.29.

Santacruz Silver Mining Trading Down 2.8 %

The stock has a market cap of C$99.64 million, a price-to-earnings ratio of 0.50 and a beta of 2.15. The business’s 50 day simple moving average is C$0.31 and its 200 day simple moving average is C$0.34. 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 Activity

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

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.