Starcore International Mines (TSE:SAM) Stock Price Passes Below Fifty Day Moving Average of $0.19

Starcore International Mines Ltd. (TSE:SAM – Get Rating)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.19 and traded as low as C$0.18. Starcore International Mines shares last traded at C$0.18, with a volume of 7,025 shares.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.67 price target on shares of Starcore International Mines and gave the stock a “buy” rating in a research report on Tuesday, March 28th.

Starcore International Mines Stock Down 2.8 %

The company has a market capitalization of C$9.74 million, a price-to-earnings ratio of -5.83 and a beta of 0.69. The company has a quick ratio of 3.79, a current ratio of 4.18 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of C$0.19 and a 200-day moving average price of C$0.18.

About Starcore International Mines

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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.