Starcore International Mines (TSE:SAM) Shares Up 16.7% – Should You Buy?

Shares of Starcore International Mines Ltd. (TSE:SAM) shot up 16.7% during mid-day trading on Monday. The company traded as high as C$0.33 and last traded at C$0.32. 107,797 shares were traded during trading, a decline of 60% from the average session volume of 269,718 shares. The stock had previously closed at C$0.27.

Starcore International Mines Trading Up 13.0%

The stock has a fifty day moving average of C$0.38 and a 200-day moving average of C$0.64. 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$29.43 million, a PE ratio of 3.05 and a beta of 0.08.

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

Insider Activity at Starcore International Mines

In related news, Director Robert Eadie purchased 688,500 shares of Starcore International Mines stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of C$0.25 per share, with a total value of C$172,125.00. Following the purchase, the director directly owned 7,508,075 shares of the company’s stock, valued at approximately C$1,877,018.75. This represents a 10.10% increase in their position. Insiders own 12.08% of the company’s stock.

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.