Starcore International Mines (TSE:SAM) Shares Cross Below Fifty Day Moving Average of $0.18

Starcore International Mines Ltd. (TSE:SAM – Get Rating)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.18 and traded as low as C$0.16. Starcore International Mines shares last traded at C$0.16, with a volume of 900 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.67 price objective on Starcore International Mines and gave the company a “buy” rating in a research note on Tuesday, March 28th.

Starcore International Mines Stock Up 6.3 %

The firm has a market capitalization of C$9.46 million, a PE ratio of -4.25 and a beta of 0.68. The company has a fifty day moving average price of C$0.18 and a 200-day moving average price of C$0.18. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.79 and a current ratio of 4.18.

Starcore International Mines Company Profile

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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.