Starcore International Mines (TSE:SAM) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Starcore International Mines Ltd. (TSE:SAM) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$0.47 and traded as low as C$0.34. Starcore International Mines shares last traded at C$0.35, with a volume of 70,645 shares traded.

Starcore International Mines Price Performance

The stock has a market capitalization of C$30.87 million, a P/E ratio of 3.20 and a beta of 0.11. The company has a current ratio of 2.20, a quick ratio of 3.79 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of C$0.46 and a two-hundred day simple moving average of C$0.55.

Starcore International Mines (TSE:SAM) last released its earnings results on Monday, September 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$10.50 million for the quarter. Starcore International Mines had a net margin of 20.66% and a return on equity of 18.91%.

Starcore International Mines Company Profile

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company’s base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value.