Starcore International Mines (TSE:SAM) Shares Cross Below Fifty Day Moving Average – What’s Next?

Starcore International Mines Ltd. (TSE:SAM) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$0.47 and traded as low as C$0.34. Starcore International Mines shares last traded at C$0.35, with a volume of 70,645 shares traded.

Starcore International Mines Stock Up 1.4%

The company has a current ratio of 2.20, a quick ratio of 3.79 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of C$34.25 million, a price-to-earnings ratio of 3.55 and a beta of 0.11. The stock has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.56.

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

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.