Starcore International Mines (TSE:SAM) Trading Down 10.9% – Here’s What Happened

by · The Markets Daily

Starcore International Mines Ltd. (TSE:SAM – Get Free Report) traded down 10.9% during trading on Friday . The company traded as low as C$1.21 and last traded at C$1.23. 81,631 shares were traded during trading, a decline of 75% from the average session volume of 327,959 shares. The stock had previously closed at C$1.38.

Starcore International Mines Stock Down 18.8%

The business has a fifty day moving average price of C$0.93 and a two-hundred day moving average price of C$0.59. 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 market cap of C$100.65 million, a price-to-earnings ratio of -32.41 and a beta of 0.62.

Starcore International Mines (TSE:SAM – Get Free Report) last posted its quarterly earnings results on Friday, December 12th. The company reported C($0.01) EPS for the quarter. Starcore International Mines had a return on equity of 9.74% and a net margin of 12.07%.

Starcore International Mines Company Profile

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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.

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