Starcore International Mines (TSE:SAM) Trading Down 12.5% – Time to Sell?

Starcore International Mines Ltd. (TSE:SAM) shares fell 12.5% on Tuesday . The company traded as low as C$0.62 and last traded at C$0.63. 446,792 shares traded hands during trading, an increase of 10% from the average session volume of 406,816 shares. The stock had previously closed at C$0.72.

Starcore International Mines Stock Down 1.5%

The company has a market capitalization of C$57.82 million, a price-to-earnings ratio of 16.00 and a beta of 0.47. The firm’s 50 day moving average price is C$0.76 and its two-hundred day moving average price is C$0.85. The company has a current ratio of 1.72, a quick ratio of 3.79 and a debt-to-equity ratio of 1.52.

Starcore International Mines (TSE:SAM) last announced its quarterly earnings results on Saturday, February 28th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$13.53 million for the quarter. Starcore International Mines had a return on equity of 7.08% and a net margin of 7.41%.

About Starcore International Mines

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.