Starcore International Mines (TSE:SAM) Shares Pass Below 50 Day Moving Average – Here’s Why

Starcore International Mines Ltd. (TSE:SAM)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.99 and traded as low as C$0.89. Starcore International Mines shares last traded at C$1.01, with a volume of 492,155 shares traded.

Starcore International Mines Price Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.79 and a current ratio of 2.69. The business has a 50 day moving average price of C$0.99 and a 200-day moving average price of C$0.62. The company has a market capitalization of C$90.76 million, a price-to-earnings ratio of -43.85 and a beta of 0.09.

Starcore International Mines (TSE:SAM) last released its earnings results on Friday, December 12th. The company reported C($0.01) EPS for the quarter. Starcore International Mines had a return on equity of 9.74% and a net margin of 12.07%.The business had revenue of C$10.70 million for the quarter.

Starcore International Mines Company Profile

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.