Starcore International Mines (TSE:SAM) Stock Price Down 10.9% – Time to Sell?

Starcore International Mines Ltd. (TSE:SAM)’s stock price dropped 10.9% on Friday . The company traded as low as C$1.21 and last traded at C$1.23. Approximately 81,631 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 327,959 shares. The stock had previously closed at C$1.38.

Starcore International Mines Stock Performance

The stock has a fifty day moving average price of C$0.93 and a 200 day moving average price of C$0.59. The company has a current ratio of 2.69, a quick ratio of 3.79 and a debt-to-equity ratio of 1.53. The firm has a market cap of C$100.65 million, a price-to-earnings ratio of -32.41 and a beta of 0.62.

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

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.