Santacruz Silver Mining (CVE:SCZ) Stock Price Down 3.3% – Time to Sell?

Santacruz Silver Mining Ltd. (CVE:SCZ) shares were down 3.3% during mid-day trading 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 Trading Down 6.9 %

The business’s 50-day moving average price is C$0.34 and its 200-day moving average price is C$0.35. The firm has a market capitalization of C$96.08 million, a PE ratio of 0.48 and a beta of 2.15. The company has a debt-to-equity ratio of 15.33, a current ratio of 1.13 and a quick ratio of 0.51.

Insiders Place Their Bets

In related news, Director Arturo Préstamo Elizondo acquired 88,229 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of C$0.39 per share, with a total value of C$34,409.31. 7.00% of the stock is currently owned by insiders.

About Santacruz Silver Mining

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.