Starcore International Mines (TSE:SAM) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Starcore International Mines Ltd. (TSE:SAM) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.06 and traded as low as C$0.91. Starcore International Mines shares last traded at C$0.94, with a volume of 394,785 shares changing hands.

Starcore International Mines Stock Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.79 and a current ratio of 2.69. The company has a market cap of C$84.47 million, a price-to-earnings ratio of -27.21 and a beta of 0.09. The firm’s 50-day moving average price is C$1.06 and its 200 day moving average price is C$0.67.

Starcore International Mines (TSE:SAM) last announced its quarterly earnings data on Friday, December 12th. The company reported C($0.01) earnings per share for the quarter. Starcore International Mines had a net margin of 12.07% and a return on equity of 9.74%. The business had revenue of C$10.70 million during the quarter.

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.