Key Points
- Director Jorge Federico Villasenor sold 50,000 shares of Santacruz Silver Mining on July 9 at an average price of C$9.44, totaling C$472,000.
- After the sale, Villasenor still directly owned 606,667 shares valued at about C$5.73 million, representing a 7.61% decrease in his position.
- Santacruz Silver Mining shares opened at C$9.21, and the company currently has a Strong Buy analyst rating despite recent price levels trading below its 50-day and 200-day averages.
Santacruz Silver Mining Ltd. (CVE:SCZ - Get Free Report) Director Jorge Federico Villasenor sold 50,000 shares of Santacruz Silver Mining 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 transaction, the director directly owned 606,667 shares of the company's stock, valued at C$5,726,936.48. This represents a 7.61% decrease in their position.
Santacruz Silver Mining Price Performance
SCZ stock opened at C$9.21 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.54 and a debt-to-equity ratio of 4.06. The firm has a market cap of C$854.14 million, a price-to-earnings ratio of 14.17 and a beta of 3.30. The company's fifty day simple moving average is C$10.06 and its 200 day simple moving average is C$12.49. Santacruz Silver Mining Ltd. has a 12-month low of C$4.46 and a 12-month high of C$23.90.
Analyst Upgrades and Downgrades
Separately, Maxim Group raised Santacruz Silver Mining to a "strong-buy" rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".
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Santacruz Silver Mining Company Profile
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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.
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