Aya Gold & Silver (NASDAQ:AYA) Shares Cross Above 50-Day Moving Average – Should You Sell?

Aya Gold & Silver Inc. (NASDAQ:AYA) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $26.71 and traded as high as $27.04. Aya Gold & Silver shares last traded at $26.77, with a volume of 658,780 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Aya Gold & Silver from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Aya Gold & Silver has an average rating of “Strong Buy”.

Aya Gold & Silver Price Performance

The stock’s 50-day simple moving average is $26.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.70.

Aya Gold & Silver (NASDAQ:AYA) last posted its earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). Aya Gold & Silver had a return on equity of 25.49% and a net margin of 32.92%. On average, equities research analysts anticipate that Aya Gold & Silver Inc. will post 1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Aya Gold & Silver

A number of large investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in Aya Gold & Silver in the second quarter worth about $39,000. BlackRock Inc. acquired a new position in Aya Gold & Silver during the 2nd quarter valued at about $502,000. Quantbot Technologies LP bought a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $557,000. Alberta Investment Management Corp bought a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $663,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Aya Gold & Silver in the 2nd quarter valued at about $673,000.

Aya Gold & Silver Company Profile

Aya Gold & Silver Inc. is a Canadian mining company focused on silver production and mineral exploration in Morocco. Its principal operating asset is the Zgounder Silver Mine in the Anti-Atlas region, where the company mines and processes silver-bearing ore. Aya is also advancing the Boumadine project in eastern Morocco, an exploration-stage gold and polymetallic deposit. Its work there is focused on assessing the project’s mineral potential. The company was formerly known as Maya Gold & Silver and adopted the Aya Gold & Silver name in 2020.