Santacruz Silver Mining (CVE:SCZ) Shares Down 3.5% – Should You Sell?

Santacruz Silver Mining Ltd. (CVE:SCZGet Free Report) dropped 3.5% during trading on Tuesday . The company traded as low as C$11.76 and last traded at C$11.99. Approximately 239,462 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 358,286 shares. The stock had previously closed at C$12.43.

Santacruz Silver Mining Price Performance

The company has a quick ratio of 0.51, a current ratio of 1.51 and a debt-to-equity ratio of 21.20. The firm has a fifty day moving average price of C$11.34 and a two-hundred day moving average price of C$11.36. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 26.64 and a beta of 3.34.

Insider Transactions at Santacruz Silver Mining

In other news, Director Larry Minoru Okada sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$13.08, for a total value of C$130,800.00. Following the transaction, the director owned 376,667 shares in the company, valued at approximately C$4,926,804.36. This represents a 2.59% decrease in their ownership of the stock. Also, Director Jorge Federico Villasenor sold 50,000 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of C$9.44, for a total transaction of C$472,000.00. Following the sale, the director owned 606,667 shares in the company, valued at approximately C$5,726,936.48. The trade was a 7.61% decrease in their position. 7.00% of the stock is currently owned by company insiders.

About Santacruz Silver Mining

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Santacruz Silver Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santacruz Silver Mining and related companies with MarketBeat.com's FREE daily email newsletter.