Starcore International Mines (TSE:SAM) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Starcore International Mines Ltd. (TSE:SAM) shares passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$0.48 and traded as low as C$0.38. Starcore International Mines shares last traded at C$0.38, with a volume of 133,892 shares.

Starcore International Mines Stock Down 3.8%

The business’s 50 day simple moving average is C$0.48 and its 200 day simple moving average is C$0.57. The company has a market capitalization of C$36.66 million, a PE ratio of 3.80 and a beta of 0.08. The company has a quick ratio of 3.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.87.

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

Starcore International Mines Company Profile

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.