Starcore International Mines (TSE:SAM) Stock Passes Below Fifty Day Moving Average – What’s Next?

Starcore International Mines Ltd. (TSE:SAM)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.06 and traded as low as C$0.61. Starcore International Mines shares last traded at C$0.61, with a volume of 278,467 shares traded.

Starcore International Mines Stock Down 10.3%

The company has a current ratio of 1.72, a quick ratio of 3.79 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of C$55.11 million, a price-to-earnings ratio of -17.65 and a beta of -0.22. The firm has a 50 day moving average price of C$1.06 and a two-hundred day moving average price of C$0.76.

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

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.