Santacruz Silver Mining (CVE:SCZ) Shares Down 17.9%

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Santacruz Silver Mining Ltd (CVE:SCZ) shares dropped 17.9% on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12, approximately 239,200 shares traded hands during mid-day trading. An increase of 56% from the average daily volume of 153,269 shares. The stock had previously closed at C$0.14.

The company’s 50-day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a market cap of $25.30 million and a P/E ratio of -2.60. The company has a current ratio of 0.29, a quick ratio of 0.24 and a debt-to-equity ratio of 76.98.

About Santacruz Silver Mining (CVE:SCZ)

Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. It primarily explores for silver, zinc, gold, and lead deposits. The company holds a 100% interest in the Rosario project located in the municipality of Charcas in the state of San Luis Potosi; and Veta Grande and Minillas properties that covers an area of approximately 1,100 hectares located within the state of Zacatecas.

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