Starcore International Mines (TSE:SAM) Stock Price Down 10% – Should You Sell?

Starcore International Mines Ltd. (TSE:SAM)’s stock price was down 10% during mid-day trading on Thursday . The stock traded as low as C$0.99 and last traded at C$1.08. Approximately 317,679 shares were traded during trading, a decline of 26% from the average daily volume of 431,702 shares. The stock had previously closed at C$1.20.

Starcore International Mines Price Performance

The company has a quick ratio of 3.79, a current ratio of 2.69 and a debt-to-equity ratio of 1.53. The stock has a market cap of C$92.56 million, a P/E ratio of -29.81 and a beta of 0.09. The firm has a 50 day moving average price of C$1.02 and a 200 day moving average price of C$0.64.

Starcore International Mines (TSE:SAM) last released its earnings results on Friday, December 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Starcore International Mines had a return on equity of 9.74% and a net margin of 12.07%.The firm had revenue of C$10.70 million during the quarter.

Starcore International Mines Company Profile

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.