Starcore International Mines (TSE:SAM) Director Acquires C$172,125.00 in Stock

Starcore International Mines Ltd. (TSE:SAM) Director Robert Eadie bought 688,500 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average price of C$0.25 per share, for a total transaction of C$172,125.00. Following the acquisition, the director directly owned 7,508,075 shares in the company, valued at approximately C$1,877,018.75. This trade represents a 10.10% increase in their ownership of the stock.

Robert Eadie also recently made the following trade(s):

• On Wednesday, October 28th, Robert Eadie bought 291,500 shares of Starcore International Mines stock. The shares were purchased at an average cost of C$0.25 per share, with a total value of C$72,875.00.

Starcore International Mines Price Performance

SAM stock remained flat at C$0.27 during mid-day trading on Friday. 61,675 shares of the company’s stock were exchanged, compared to its average volume of 270,498. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.20 and a quick ratio of 3.79. Starcore International Mines Ltd. has a one year low of C$0.25 and a one year high of C$1.51. The stock has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.64. The company has a market cap of C$26.05 million, a price-to-earnings ratio of 2.70 and a beta of 0.08.

Starcore International Mines (TSE:SAM) last issued its quarterly 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 return on equity of 18.91% and a net margin of 20.66%.

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.