Starcore International Mines (TSE:SAM) Shares Up 16.7% – Here’s What Happened

Starcore International Mines Ltd. (TSE:SAM) shares rose 16.7% during trading on Monday. The stock traded as high as C$0.33 and last traded at C$0.32. Approximately 107,797 shares traded hands during trading, a decline of 60% from the average daily volume of 269,718 shares. The stock had previously closed at C$0.27.

Starcore International Mines Trading Down 3.4%

The firm’s 50-day simple moving average is C$0.38 and its 200 day simple moving average is C$0.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.20 and a quick ratio of 3.79. The firm has a market capitalization of C$27.02 million, a price-to-earnings ratio of 2.80 and a beta of 0.08.

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

Insider Buying and Selling at Starcore International Mines

In other Starcore International Mines news, Director Robert Eadie acquired 688,500 shares of Starcore International Mines stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average cost of C$0.25 per share, with a total value of C$172,125.00. Following the completion of the purchase, the director directly owned 7,508,075 shares of the company’s stock, valued at C$1,877,018.75. This represents a 10.10% increase in their position. 12.08% of the stock is currently owned by corporate insiders.

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.