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

Shares of Starcore International Mines Ltd. (TSE:SAMGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.62 and traded as low as C$0.50. Starcore International Mines shares last traded at C$0.51, with a volume of 91,619 shares traded.

Starcore International Mines Price Performance

The firm has a market cap of C$47.88 million, a price-to-earnings ratio of 13.25 and a beta of 0.10. The company’s fifty day moving average is C$0.61 and its 200 day moving average is C$0.84. The company has a quick ratio of 3.79, a current ratio of 1.72 and a debt-to-equity ratio of 1.52.

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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