Home / Market Movers / Santacruz Silver Mining Ltd. (CDX:SCZ:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.95% on January 13

Santacruz Silver Mining Ltd. (CDX:SCZ:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.95% on January 13

In sliding 3.95%, Santacruz Silver Mining Ltd. (CDX:SCZ:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.38, shares of SCZ:CA opened this morning at $0.365 and closed the day at $0.365. Throughout the day, about 60,000 shares changed hands, compared to an average 30-day volume of 278,096 for Santacruz Silver Mining Ltd.. Shares moved as high as $0.37 and as low as $0.345 in today’s trading action.

The share depreciation gives the company a market capitalization of $58.71 million based upon 154.49 million shares outstanding.

In the past 52 weeks, shares of Santacruz Silver Mining Ltd. have traded as low as $0.085 and as high as $0.63. Technical traders will take note that at $0.365, shares of SCZ:CA are trading above their 50-day moving average (MA) at $0.338 and below their 200-day MA at below $0.416. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Santacruz Sv?

Santacruz Silver Mining Ltd together with its subsidiaries is engaged in the operation, exploration and commercial exploitation of mining concessions in Mexico, with the focus on silver, and also including gold, lead and zinc. The company is led by its CEO Arturo Prestamo Elizondo from its headquarters at Avenue Jose Vasconcelos 150 Ote..


For more information on Santacruz Sv and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Yangarra Resources Ltd. (TSX:YGR:CA) Fall 2.38% on February 22

In sliding 2.38%, Yangarra Resources Ltd. (TSX:YGR:CA) was one of the worst performing stocks in …