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

Starcore International Mines Ltd. (TSE:SAMGet Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.13 and traded as low as C$0.13. Starcore International Mines shares last traded at C$0.13, with a volume of 220,574 shares trading hands.

Starcore International Mines Price Performance

The company has a 50 day moving average price of C$0.13 and a 200 day moving average price of C$0.14. The company has a market capitalization of C$8.69 million, a price-to-earnings ratio of 2.51 and a beta of 0.38. The company has a current ratio of 2.69, a quick ratio of 3.79 and a debt-to-equity ratio of 1.53.

Starcore International Mines Company Profile

(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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