Avino Silver & Gold Mines (TSE:ASM) Shares Down 8.4% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (TSE:ASMGet Free Report) was down 8.4% during trading on Wednesday . The stock traded as low as C$10.10 and last traded at C$10.20. Approximately 236,862 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,037,039 shares. The stock had previously closed at C$11.14.

Avino Silver & Gold Mines Stock Down 6.9%

The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 67.71 and a beta of 2.56. The business has a fifty day moving average of C$11.63 and a 200 day moving average of C$8.71. The company has a debt-to-equity ratio of 2.57, a current ratio of 4.06 and a quick ratio of 1.29.

Avino Silver & Gold Mines (TSE:ASMGet Free Report) last posted its earnings results on Tuesday, March 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Avino Silver & Gold Mines had a net margin of 30.42% and a return on equity of 15.48%. The firm had revenue of C$40.70 million during the quarter. On average, equities analysts predict that Avino Silver & Gold Mines Ltd. will post 0.0949153 earnings per share for the current year.

Insider Transactions at Avino Silver & Gold Mines

In other Avino Silver & Gold Mines news, insider Jose Carlos Rodriguez Moreno sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$12.40, for a total transaction of C$124,000.00. Following the transaction, the insider directly owned 2,396,996 shares of the company’s stock, valued at C$29,722,750.40. This represents a 0.42% decrease in their ownership of the stock. Corporate insiders own 1.94% 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.

Further Reading

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