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

Starcore International Mines Ltd. (TSE:SAMGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.48 and traded as low as C$0.41. Starcore International Mines shares last traded at C$0.43, with a volume of 103,086 shares trading hands.

Starcore International Mines Stock Performance

The company has a 50-day moving average of C$0.48 and a 200-day moving average of C$0.76. The company has a market cap of C$40.47 million, a PE ratio of 5.44 and a beta of 0.25. The company has a quick ratio of 3.79, a current ratio of 2.05 and a debt-to-equity ratio of 1.16.

Starcore International Mines (TSE:SAMGet Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported C$0.05 EPS for the quarter. Starcore International Mines had a return on equity of 15.83% and a net margin of 16.73%.The business had revenue of C$11.44 million during the quarter.

Starcore International Mines Company Profile

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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.

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