Starcore International Mines (TSE:SAM) Shares Down 12.5% – What’s Next?

Shares of Starcore International Mines Ltd. (TSE:SAM) were down 12.5% on Tuesday . The company traded as low as C$0.62 and last traded at C$0.63. Approximately 446,792 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 406,816 shares. The stock had previously closed at C$0.72.

Starcore International Mines Stock Performance

The stock has a 50 day moving average price of C$0.77 and a two-hundred day moving average price of C$0.85. The company has a current ratio of 1.72, a quick ratio of 3.79 and a debt-to-equity ratio of 1.52. The company has a market cap of C$56.91 million, a price-to-earnings ratio of 15.75 and a beta of 0.47.

Starcore International Mines (TSE:SAM) last posted its quarterly earnings results on Saturday, February 28th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$13.53 million for the quarter. Starcore International Mines had a return on equity of 7.08% and a net margin of 7.41%.

About Starcore International Mines

Starcore International Mines Ltd is into the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization’s revenue comes from Bernal, Mexico.