Starcore International Mines (TSE:SAM) Trading Down 10.9% – Here’s What Happened

Starcore International Mines Ltd. (TSE:SAM) traded down 10.9% during mid-day trading on Friday . The company traded as low as C$1.21 and last traded at C$1.23. 81,631 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 327,959 shares. The stock had previously closed at C$1.38.

Starcore International Mines Price Performance

The company has a market capitalization of C$105.14 million, a P/E ratio of -33.86 and a beta of 0.62. The company has a fifty day moving average price of C$0.94 and a 200 day moving average price of C$0.60. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.69 and a quick ratio of 3.79.

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

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.