Starcore International Mines (TSE:SAM) Shares Down 10.8% - Time to Sell?

Key Points

• Shares plunged 10.8% intraday to C$0.66 (low C$0.65) on Thursday, with roughly 307,076 shares traded—about 35% below the stock's average daily volume.
• The company is a small-cap miner (market cap C$58.72M) with a negative P/E (−18.81), a debt-to-equity ratio of 1.52 and strong liquidity metrics (quick ratio 3.79, current ratio 1.72).
• In its most recent quarter Starcore reported revenue of C$13.53M and EPS of C$0.01, with a net margin of 7.41%, and derives most operating cash flow from the San Martin mine in Mexico.

Starcore International Mines Ltd. (TSE:SAM - Get Free Report)'s share price dropped 10.8% during trading on Thursday . The stock traded as low as C$0.65 and last traded at C$0.66. Approximately 307,076 shares were traded during trading, a decline of 35% from the average daily volume of 475,868 shares. The stock had previously closed at C$0.74.

Starcore International Mines Trading Down 12.2%

The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.79 and a current ratio of 1.72. The firm has a market cap of C$58.72 million, a PE ratio of -18.81 and a beta of -0.22. The stock has a 50-day simple moving average of C$1.04 and a two-hundred day simple moving average of C$0.78.

Starcore International Mines (TSE:SAM - Get Free Report) last announced its quarterly earnings results on Saturday, February 28th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$13.53 million during the quarter. Starcore International Mines had a net margin of 7.41% and a return on equity of 7.08%.

Starcore International Mines Company Profile

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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