Starcore International Mines (TSE:SAM) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Starcore International Mines Ltd. (TSE:SAM) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.06 and traded as low as C$0.91. Starcore International Mines shares last traded at C$0.94, with a volume of 394,785 shares.

Starcore International Mines Stock Down 3.1%

The firm has a fifty day simple moving average of C$1.06 and a 200-day simple moving average of C$0.67. The company has a market capitalization of C$84.47 million, a P/E ratio of -27.21 and a beta of 0.09. The company has a quick ratio of 3.79, a current ratio of 2.69 and a debt-to-equity ratio of 1.53.

Starcore International Mines (TSE:SAM) last released its quarterly earnings data on Friday, December 12th. The company reported C($0.01) earnings per share for the quarter. Starcore International Mines had a net margin of 12.07% and a return on equity of 9.74%. The business had revenue of C$10.70 million for the quarter.

About Starcore International Mines

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.