Avino Silver & Gold Mines (TSE:ASM) Releases Quarterly Earnings Results

Avino Silver & Gold Mines (TSE:ASM) issued its quarterly earnings data on Tuesday. The company reported C$0.14 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$40.70 million for the quarter. Avino Silver & Gold Mines had a net margin of 30.42% and a return on equity of 15.48%.

Avino Silver & Gold Mines Stock Down 6.5%

Avino Silver & Gold Mines stock opened at C$10.42 on Thursday. The company’s 50-day moving average price is C$11.60 and its two-hundred day moving average price is C$8.70. The company has a quick ratio of 1.29, a current ratio of 4.06 and a debt-to-equity ratio of 2.57. The stock has a market cap of C$1.63 billion, a P/E ratio of 74.43 and a beta of 2.56. Avino Silver & Gold Mines has a twelve month low of C$1.95 and a twelve month high of C$16.11.

Insider Activity

In other news, insider Jose Carlos Rodriguez Moreno sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of C$12.40, for a total value of C$124,000.00. Following the transaction, the insider owned 2,396,996 shares of the company’s stock, valued at approximately C$29,722,750.40. This represents a 0.42% decrease in their ownership of the stock. 1.94% of the stock is currently owned by corporate insiders.

About Avino Silver & Gold Mines

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.