Santacruz Silver Mining (CVE:SCZ) Stock Price Down 3.5% – Here’s Why

Shares of Santacruz Silver Mining Ltd. (CVE:SCZ) were down 3.5% on Tuesday . The stock traded as low as C$11.76 and last traded at C$11.99. 239,462 shares were traded 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 Stock Performance

The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 27.58 and a beta of 3.34. The company has a debt-to-equity ratio of 21.20, a quick ratio of 0.51 and a current ratio of 1.51. The company’s 50 day simple moving average is C$11.40 and its 200 day simple moving average is C$11.32.

Insider Buying and Selling

In other Santacruz Silver Mining news, Director Jorge Federico Villasenor sold 50,000 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of C$9.44, for a total transaction of C$472,000.00. Following the completion of the transaction, the director directly owned 606,667 shares of the company’s stock, valued at approximately C$5,726,936.48. This trade represents a 7.61% decrease in their position. Also, Director Larry Minoru Okada sold 10,000 shares of Santacruz Silver Mining stock in a transaction 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 trade represents a 2.59% decrease in their ownership of the stock. Corporate 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.