Starcore International Mines (TSE:SAM) Shares Up 9.2% – Should You Buy?

Starcore International Mines Ltd. (TSE:SAMGet Free Report)’s stock price shot up 9.2% during mid-day trading on Tuesday . The company traded as high as C$0.73 and last traded at C$0.71. 114,553 shares traded hands during trading, a decline of 9% from the average session volume of 126,345 shares. The stock had previously closed at C$0.65.

Starcore International Mines Stock Performance

The stock has a market capitalization of C$65.60 million, a P/E ratio of -21.13 and a beta of 0.42. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.79 and a current ratio of 2.69. The stock has a 50 day moving average of C$0.54 and a 200 day moving average of C$0.40.

About Starcore International Mines

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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.

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