Starcore International Mines (TSE:SAM) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Starcore International Mines Ltd. (TSE:SAM) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.82 and traded as high as C$0.82. Starcore International Mines shares last traded at C$0.78, with a volume of 773,450 shares trading hands.

Starcore International Mines Price Performance

The business has a fifty day simple moving average of C$0.82 and a two-hundred day simple moving average of C$0.84. The company has a current ratio of 1.72, a quick ratio of 3.79 and a debt-to-equity ratio of 1.52. The company has a market cap of C$70.46 million, a PE ratio of 19.50 and a beta of 0.47.

Starcore International Mines (TSE:SAM) last announced its quarterly earnings data on Saturday, February 28th. The company reported C$0.01 earnings per share for the quarter. Starcore International Mines had a return on equity of 7.08% and a net margin of 7.41%.The company had revenue of C$13.53 million for the quarter.

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.