Starcore International Mines (TSE:SAM) Shares Down 10.7% – What’s Next?

Starcore International Mines Ltd. (TSE:SAMGet Free Report) traded down 10.7% on Monday . The stock 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 daily volume of 317,122 shares. The stock had previously closed at C$0.56.

Starcore International Mines Price Performance

The company has a market capitalization of C$47.22 million, a PE ratio of 6.12 and a beta of 0.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.05 and a quick ratio of 3.79. The stock’s 50 day simple moving average is C$0.48 and its 200-day simple moving average is C$0.72.

Starcore International Mines (TSE:SAMGet Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported C$0.05 EPS for the quarter. Starcore International Mines had a net margin of 16.73% and a return on equity of 15.83%. The business had revenue of C$11.44 million during the quarter.

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. The majority of the organization’s revenue comes from Bernal, Mexico.

Further Reading

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