Starcore International Mines (TSE:SAM) Stock Crosses Below 50-Day Moving Average of $0.18

Starcore International Mines Ltd. (TSE:SAM – Get Rating) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

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

Starcore International Mines Stock Up 6.3 %

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

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.