Starcore International Mines (TSE:SAM) Stock Breaks Below 50-Day Moving Average – Should You Sell?

Starcore International Mines Ltd. (TSE:SAM)’s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$0.48 and traded as low as C$0.45. Starcore International Mines shares last traded at C$0.46, with a volume of 42,762 shares changing hands.

Starcore International Mines Stock Down 7.8%

The company has a market capitalization of C$40.03 million, a PE ratio of 4.15 and a beta of 0.08. The company’s fifty day moving average is C$0.48 and its 200-day moving average is C$0.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.79 and a current ratio of 2.20.

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

About Starcore International Mines

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.