Starcore International Mines (TSE:SAM) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Starcore International Mines Ltd. (TSE:SAM) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.99 and traded as low as C$0.89. Starcore International Mines shares last traded at C$1.01, with a volume of 492,155 shares.

Starcore International Mines Trading Up 5.2%

The company’s 50-day moving average is C$0.99 and its 200-day moving average is C$0.62. The firm has a market cap of C$90.76 million, a price-to-earnings ratio of -43.85 and a beta of 0.09. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.79 and a current ratio of 2.69.

Starcore International Mines (TSE:SAM) last posted 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 company had revenue of C$10.70 million during the quarter.

Starcore International Mines Company Profile

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.