Starcore International Mines (TSE:SAM) Shares Pass Below 50 Day Moving Average – Time to Sell?

Starcore International Mines Ltd. (TSE:SAM)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.99 and traded as low as C$0.69. Starcore International Mines shares last traded at C$0.76, with a volume of 668,630 shares trading hands.

Starcore International Mines Price Performance

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 company has a 50 day simple moving average of C$0.99 and a 200 day simple moving average of C$0.79. The stock has a market cap of C$68.66 million, a P/E ratio of -22.00 and a beta of -0.22.

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