Starcore International Mines (TSE:SAM) Shares Up 30.3%

Starcore International Mines Ltd. (TSE:SAM)’s share price rose 30.3% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.22. Approximately 381,322 shares were traded during trading, an increase of 332% from the average daily volume of 88,181 shares. The stock had previously closed at C$0.17.

The company has a market cap of $13.90 million and a PE ratio of -3.84. The stock’s 50 day moving average is C$0.20 and its 200-day moving average is C$0.14. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 13.12.

In other news, insider 2176423 Ontario Ltd. sold 419,500 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of C$0.21, for a total value of C$87,381.85. Following the sale, the insider now owns 7,093,193 shares of the company’s stock, valued at C$1,477,512.10. In the last ninety days, insiders have sold 605,000 shares of company stock worth $128,270.

About Starcore International Mines (TSE:SAM)

Starcore International Mines Ltd., a mineral resource company, explores for, develops, and produces mineral resources in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its principal property is the San Martin mine that consists of 8 mining claims covering an area of 15,316 hectares located in Queretaro, Mexico.

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