Starcore International Mines (TSE:SAM) Director Robert Eadie Buys 688,500 Shares of Company Stock

Starcore International Mines Ltd. (TSE:SAM) Director Robert Eadie bought 688,500 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average cost of C$0.25 per share, for a total transaction of C$172,125.00. Following the transaction, the director directly owned 7,508,075 shares of the company’s stock, valued at C$1,877,018.75. This trade represents a 10.10% increase in their position.

Robert Eadie also recently made the following trade(s):

• On Wednesday, October 28th, Robert Eadie bought 291,500 shares of Starcore International Mines stock. The shares were bought at an average price of C$0.25 per share, with a total value of C$72,875.00.

Starcore International Mines Price Performance

Starcore International Mines stock remained flat at C$0.27 during mid-day trading on Friday. 61,675 shares of the company’s stock were exchanged, compared to its average volume of 270,498. The company has a current ratio of 2.20, a quick ratio of 3.79 and a debt-to-equity ratio of 0.87. Starcore International Mines Ltd. has a 12-month low of C$0.25 and a 12-month high of C$1.51. The stock’s 50 day simple moving average is C$0.38 and its 200 day simple moving average is C$0.64. The stock has a market cap of C$26.05 million, a price-to-earnings ratio of 2.70 and a beta of 0.08.

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