Starcore International Mines (TSE:SAM) Shares Down 12.5% – What’s Next?

Shares of Starcore International Mines Ltd. (TSE:SAMGet Free Report) were down 12.5% on Tuesday . The stock traded as low as C$0.62 and last traded at C$0.63. Approximately 446,792 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 406,816 shares. The stock had previously closed at C$0.72.

Starcore International Mines Stock Performance

The firm has a market capitalization of C$56.91 million, a P/E ratio of 15.75 and a beta of 0.47. The stock has a 50-day moving average of C$0.77 and a 200 day moving average of C$0.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.79 and a current ratio of 1.72.

Starcore International Mines (TSE:SAMGet Free Report) last released its quarterly earnings results on Saturday, February 28th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$13.53 million for the quarter. Starcore International Mines had a return on equity of 7.08% and a net margin of 7.41%.

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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