Starcore International Mines (TSE:SAM) Trading Down 10.7% – What’s Next?

Starcore International Mines Ltd. (TSE:SAM) dropped 10.7% during trading on Monday . The company traded as low as C$0.50 and last traded at C$0.50. Approximately 330,398 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 317,122 shares. The stock had previously closed at C$0.56.

Starcore International Mines Trading Down 12.5%

The company has a market cap of C$47.22 million, a PE ratio of 6.12 and a beta of 0.21. The company’s 50 day simple moving average is C$0.48 and its two-hundred day simple moving average is C$0.72. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.05 and a quick ratio of 3.79.

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