Avino Silver & Gold Mines (TSE:ASM) Shares Down 5.1% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (TSE:ASM – Get Free Report) shares dropped 5.1% on Monday. The company traded as low as C$7.88 and last traded at C$7.95. Approximately 634,820 shares traded hands during trading, a decline of 32% from the average daily volume of 934,326 shares. The stock had previously closed at C$8.38.

Avino Silver & Gold Mines Stock Down 5.1%

The business’s 50 day moving average price is C$9.24 and its 200-day moving average price is C$9.16. The firm has a market capitalization of C$1.35 billion, a PE ratio of 30.58 and a beta of 3.21. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.29 and a current ratio of 5.85.

Avino Silver & Gold Mines (TSE:ASM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.09 earnings per share for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. The firm had revenue of C$38.06 million during the quarter. As a group, equities research analysts forecast that Avino Silver & Gold Mines Ltd. will post 0.0949153 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Walleye Capital LLC acquired a new stake in Avino Silver & Gold Mines Ltd. (TSE:ASM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned approximately 0.08% of Avino Silver & Gold Mines at the end of the most recent quarter. Hedge funds and other institutional investors own 21.75% of the company’s stock.

Avino Silver & Gold Mines Company Profile

(Get Free Report)

Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed.

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