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..
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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.
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