Starcore International Mines (TSE:SAM) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Starcore International Mines Ltd. (TSE:SAM) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.48 and traded as high as C$0.53. Starcore International Mines shares last traded at C$0.50, with a volume of 214,044 shares trading hands.

Starcore International Mines Price Performance

The firm has a market cap of C$48.19 million, a P/E ratio of 6.25 and a beta of 0.21. The firm’s fifty day moving average is C$0.48 and its 200 day moving average is C$0.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 3.79 and a current ratio of 2.05.

Starcore International Mines (TSE:SAM) last released its quarterly earnings results on Friday, July 24th. The company reported C$0.05 earnings per share for the quarter. Starcore International Mines had a net margin of 16.73% and a return on equity of 15.83%. The firm had revenue of C$11.44 million for the quarter.

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.