Santacruz Silver Mining (CVE:SCZ) Trading Down 3.3% – Here’s Why

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) were down 3.3% on Monday . The company traded as low as C$0.28 and last traded at C$0.30. Approximately 91,176 shares traded hands during trading, a decline of 80% from the average daily volume of 446,409 shares. The stock had previously closed at C$0.31.

Santacruz Silver Mining Price Performance

The firm has a 50 day simple moving average of C$0.34 and a 200-day simple moving average of C$0.35. The company has a quick ratio of 0.51, a current ratio of 1.13 and a debt-to-equity ratio of 15.33. The company has a market cap of C$104.98 million, a PE ratio of 0.53 and a beta of 2.15.

Insider Buying and Selling at Santacruz Silver Mining

In related news, Director Arturo Préstamo Elizondo acquired 91,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were purchased at an average cost of C$0.39 per share, with a total value of C$35,035.00. 7.00% of the stock is owned by 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.