Santacruz Silver Mining (CVE:SCZ) Shares Down 1.8% – Here’s Why

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

Santacruz Silver Mining Price Performance

The company has a debt-to-equity ratio of 15.33, a current ratio of 1.13 and a quick ratio of 0.51. The stock’s 50 day simple moving average is C$0.36 and its two-hundred day simple moving average is C$0.36. The stock has a market cap of C$101.42 million, a price-to-earnings ratio of 0.50 and a beta of 2.15.

Insider Buying and Selling

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

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.