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

Avino Silver & Gold Mines Ltd. (TSE:ASM) shares were down 5.1% during mid-day trading on Monday. The stock traded as low as C$7.88 and last traded at C$7.95. 634,820 shares were traded 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 company 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 current ratio of 5.85, a quick ratio of 1.29 and a debt-to-equity ratio of 3.04. The business has a fifty day moving average of C$9.24 and a 200 day moving average of C$9.16.

Avino Silver & Gold Mines (TSE:ASM) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.09 earnings per share (EPS) for the quarter. The company had revenue of C$38.06 million for the quarter. Avino Silver & Gold Mines had a net margin of 37.17% and a return on equity of 18.32%. Equities research analysts anticipate that Avino Silver & Gold Mines Ltd. will post 0.0949153 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Avino Silver & Gold Mines stock. Bryn Mawr Trust Advisors LLC bought a new position in shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,050 shares of the company’s stock, valued at approximately $76,000. 21.75% of the stock is currently owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

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.