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

Starcore International Mines Ltd. (TSE:SAMGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.14. Starcore International Mines shares last traded at C$0.15, with a volume of 10,500 shares changing hands.

Starcore International Mines Stock Performance

The firm’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.13. The company has a market capitalization of C$10.57 million, a PE ratio of -4.67 and a beta of 0.38. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.69 and a quick ratio of 3.79.

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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