Starcore International Mines (TSE:SAM) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Starcore International Mines Ltd. (TSE:SAM) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.09 and traded as high as C$1.27. Starcore International Mines shares last traded at C$1.24, with a volume of 588,570 shares traded.

Starcore International Mines Stock Performance

The stock’s 50 day moving average price is C$1.09 and its 200 day moving average price is C$0.70. The company has a current ratio of 2.69, a quick ratio of 3.79 and a debt-to-equity ratio of 1.53. The firm has a market cap of C$111.43 million, a PE ratio of -35.89 and a beta of 0.09.

Starcore International Mines (TSE:SAM) last announced its quarterly earnings results on Friday, February 27th. 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 firm had revenue of C$13.53 million during 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.