Starcore International Mines (TSE:SAM) Shares Cross Below Fifty Day Moving Average – Here’s Why

Starcore International Mines Ltd. (TSE:SAM) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.48 and traded as low as C$0.41. Starcore International Mines shares last traded at C$0.43, with a volume of 103,086 shares.

Starcore International Mines Stock Up 7.4%

The company has a quick ratio of 3.79, a current ratio of 2.05 and a debt-to-equity ratio of 1.16. The company has a market capitalization of C$40.47 million, a PE ratio of 5.44 and a beta of 0.25. The stock has a 50-day moving average of C$0.48 and a 200 day moving average of C$0.76.

Starcore International Mines (TSE:SAM) last posted its quarterly earnings data on Friday, July 24th. The company reported C$0.05 earnings per share for the quarter. Starcore International Mines had a return on equity of 15.83% and a net margin of 16.73%.The business had revenue of C$11.44 million for the quarter.

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.