Santacruz Silver Updates on Management Cease Trade Order Status

Santacruz Silver Mining ( (TSE:SCZ) ) just unveiled an announcement.

Santacruz Silver Mining Ltd. has provided an update on the temporary management cease trade order (MCTO) issued due to a delay in filing its annual financial statements for 2024. The company is working with its auditor to complete the audit procedures and continues to comply with alternative information guidelines, issuing bi-weekly status reports. There are no other material changes or defaults anticipated, and the MCTO will remain in effect until the required filings are completed.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Spark’s Take on TSE:SCZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:SCZ is a Outperform.

Santacruz Silver Mining is on an upward trajectory with strong financial recovery and positive technical momentum. Its significantly low P/E ratio highlights its undervaluation, while recent production improvements signal operational strength. Historical equity challenges are a risk, but overall, the company shows promising growth potential.

To see Spark’s full report on TSE:SCZ stock, click here.

More about Santacruz Silver Mining

Santacruz Silver Mining Ltd. is involved in the operation, acquisition, exploration, and development of mineral properties in Latin America. Its operations in Bolivia include the Bolivar, Porco, and Caballo Blanco Group mines, as well as the Soracaya exploration project and San Lucas ore sourcing and trading business. The company also operates the Zimapan mine in Mexico.

Average Trading Volume: 813,657

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$181.5M

See more insights into SCZ stock on TipRanks’ Stock Analysis page.