Starcore International Mines (TSE:SAM) Shares Cross Below 50 Day Moving Average – Here’s Why

Starcore International Mines Ltd. (TSE:SAMGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.14 and traded as low as C$0.12. Starcore International Mines shares last traded at C$0.12, with a volume of 23,500 shares.

Starcore International Mines Stock Down 11.1 %

The company has a current ratio of 2.69, a quick ratio of 3.79 and a debt-to-equity ratio of 1.53. The company has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.13. The firm has a market capitalization of C$9.06 million, a P/E ratio of -4.00 and a beta of 0.38.

About Starcore International Mines

(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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