Santacruz Silver Mining (CVE:SCZ) Trading Down 7.3% – Time to Sell?

Santacruz Silver Mining Ltd. (CVE:SCZ) fell 7.3% during trading on Tuesday . The company traded as low as C$8.89 and last traded at C$8.98. 169,547 shares changed hands during trading, a decline of 59% from the average daily volume of 410,038 shares. The stock had previously closed at C$9.69.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised shares of Santacruz Silver Mining to a “strong-buy” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Santacruz Silver Mining Stock Performance

The stock has a market capitalization of C$869.91 million, a P/E ratio of 14.43 and a beta of 3.30. The company’s 50-day moving average is C$10.57 and its two-hundred day moving average is C$12.76. The company has a current ratio of 1.54, a quick ratio of 0.51 and a debt-to-equity ratio of 4.06.

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.