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

Avino Silver & Gold Mines Ltd. (TSE:ASM)’s stock price was down 5.1% on Monday. The stock traded as low as C$7.88 and last traded at C$7.95. 634,820 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 934,326 shares. The stock had previously closed at C$8.38.

Avino Silver & Gold Mines Stock Performance

The company has a quick ratio of 1.29, a current ratio of 5.85 and a debt-to-equity ratio of 3.04. The company has a market cap of C$1.35 billion, a PE ratio of 30.65 and a beta of 3.21. The business’s fifty day moving average is C$9.23 and its 200-day moving average is C$9.15.

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

Institutional Investors Weigh In On Avino Silver & Gold Mines

An institutional investor recently bought a new stake in Avino Silver & Gold Mines stock. Walleye Capital LLC bought a new position in Avino Silver & Gold Mines Ltd. (TSE:ASM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 142,615 shares of the company’s stock, valued at approximately $904,000. Walleye Capital LLC owned 0.08% of Avino Silver & Gold Mines as of its most recent filing with the SEC. Institutional investors own 21.75% of the company’s stock.

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.