Starcore International Mines (TSE:SAM) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Starcore International Mines Ltd. (TSE:SAM) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.73 and traded as low as C$0.61. Starcore International Mines shares last traded at C$0.62, with a volume of 609,289 shares changing hands.

Starcore International Mines Stock Down 3.1%

The firm’s 50-day moving average price is C$0.73 and its 200-day moving average price is C$0.86. The company has a market cap of C$56.01 million, a price-to-earnings ratio of 15.50 and a beta of 0.47. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.72 and a quick ratio of 3.79.

Starcore International Mines (TSE:SAM) last posted its earnings results on Saturday, February 28th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$13.53 million for the quarter. Starcore International Mines had a net margin of 7.41% and a return on equity of 7.08%.

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.