Starcore International Mines Ltd. (TSE:SAM) Stock Catapults 43% Though Its Price And Business Still Lag The Industry
Starcore International Mines Ltd. (TSE:SAM) shares have had a really impressive month, gaining 43% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 38%.
In spite of the firm bounce in price, Starcore International Mines’ price-to-sales (or “P/S”) ratio of 0.4x might still make it look like a strong buy right now compared to the wider Metals and Mining industry in Canada, where around half of the companies have P/S ratios above 3.4x and even P/S above 22x are quite common. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Starcore International Mines
