Starcore International Mines (TSE:SAM) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Starcore International Mines Ltd. (TSE:SAM) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.48 and traded as low as C$0.41. Starcore International Mines shares last traded at C$0.43, with a volume of 103,086 shares changing hands.

Starcore International Mines Stock Performance

The company has a market capitalization of C$48.38 million, a P/E ratio of 6.50 and a beta of 0.21. The stock has a fifty day simple moving average of C$0.48 and a 200-day simple moving average of C$0.75. The company has a quick ratio of 3.79, a current ratio of 2.05 and a debt-to-equity ratio of 1.16.

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

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.