Starcore International Mines (TSE:SAM) Shares Climb 16.7% – Should You Buy?

Starcore International Mines Ltd. (TSE:SAM)’s share price traded up 16.7% on Monday. The stock traded as high as C$0.33 and last traded at C$0.32. Approximately 107,797 shares were traded during trading, a decline of 60% from the average session volume of 269,718 shares. The stock had previously closed at C$0.27.

Starcore International Mines Stock Up 13.0%

The company has a debt-to-equity ratio of 0.87, a current ratio of 2.20 and a quick ratio of 3.79. The stock has a market cap of C$29.43 million, a PE ratio of 3.05 and a beta of 0.08. The business has a fifty day moving average of C$0.38 and a 200-day moving average of C$0.64.

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

Insiders Place Their Bets

In other news, Director Robert Eadie bought 688,500 shares of the stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of C$0.25 per share, for a total transaction of C$172,125.00. Following the acquisition, the director owned 7,508,075 shares of the company’s stock, valued at C$1,877,018.75. This represents a 10.10% increase in their ownership of the stock. 12.08% of the stock is currently owned by company insiders.

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.