Starcore International Mines (TSE:SAM) Stock Passes Below 50 Day Moving Average – What’s Next?

by · The Markets Daily

Starcore International Mines Ltd. (TSE:SAM – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.72 and traded as low as C$0.48. Starcore International Mines shares last traded at C$0.49, with a volume of 554,303 shares trading hands.

Starcore International Mines Trading Down 15.5%

The company has a market capitalization of C$44.27 million, a P/E ratio of 12.25 and a beta of 0.10. The company has a fifty day simple moving average of C$0.72 and a two-hundred day simple moving average of C$0.86. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.72 and a quick ratio of 3.79.

About Starcore International Mines

(Get Free Report)

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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