Starcore International Mines (TSE:SAM) Share Price Passes Below 50 Day Moving Average – Here’s Why

Starcore International Mines Ltd. (TSE:SAM)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.99 and traded as low as C$0.69. Starcore International Mines shares last traded at C$0.76, with a volume of 668,630 shares traded.

Starcore International Mines Price Performance

The company has a debt-to-equity ratio of 1.52, a current ratio of 1.72 and a quick ratio of 3.79. The firm has a market capitalization of C$68.66 million, a P/E ratio of -22.00 and a beta of -0.22. The firm’s fifty day moving average price is C$0.98 and its 200-day moving average price is C$0.79.

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

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.