Starcore International Mines (TSE:SAM) Share Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Starcore International Mines Ltd. (TSE:SAM)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$0.44 and traded as low as C$0.33. Starcore International Mines shares last traded at C$0.33, with a volume of 84,753 shares traded.

Starcore International Mines Stock Down 1.6%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.79 and a current ratio of 2.20. The company has a market cap of C$29.91 million, a price-to-earnings ratio of 3.10 and a beta of 0.11. The stock’s fifty day moving average is C$0.44 and its two-hundred day moving average is C$0.54.

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

About Starcore International Mines

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.