Starcore International Mines (TSE:SAM) Trading Down 10.7% – Should You Sell?

Shares of Starcore International Mines Ltd. (TSE:SAM) dropped 10.7% on Monday . The company traded as low as C$0.50 and last traded at C$0.50. 330,398 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 317,122 shares. The stock had previously closed at C$0.56.

Starcore International Mines Stock Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 3.79 and a current ratio of 2.05. The firm’s 50 day simple moving average is C$0.48 and its 200-day simple moving average is C$0.71. The company has a market cap of C$50.12 million, a price-to-earnings ratio of 6.50 and a beta of 0.21.

Starcore International Mines (TSE:SAM) last issued its earnings results on Friday, July 24th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$11.44 million during 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.