Starcore International Mines (TSE:SAM) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Starcore International Mines Ltd. (TSE:SAMGet Free Report)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.14 and traded as low as C$0.13. Starcore International Mines shares last traded at C$0.13, with a volume of 1,300 shares changing hands.

Starcore International Mines Price Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 2.69 and a quick ratio of 3.79. The stock has a market capitalization of C$9.82 million, a price-to-earnings ratio of -4.33 and a beta of 0.38. The company’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.13.

About Starcore International Mines

(Get Free Report)

Starcore International Mines Ltd., a mineral resource company, engages in exploring, extracting, and processing mineral resources in Mexico. The company, through its subsidiary, Compañia Minera Peña de Bernal, SA de C.V., explores for gold and silver deposits. Its principal property is the San Martin mine consists of 8 mining claims that covers an area of 12,991.78 hectares located in Queretaro, Mexico.

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