Avino Silver & Gold Mines (TSE:ASM) Stock Price Down 8.4% – Should You Sell?

Avino Silver & Gold Mines Ltd. (TSE:ASM)’s stock price was down 8.4% during trading on Wednesday . The company traded as low as C$10.10 and last traded at C$10.20. Approximately 236,862 shares traded 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 Price Performance

The stock has a market capitalization of C$1.58 billion, a PE ratio of 72.00 and a beta of 2.56. The business’s 50-day moving average price is C$11.56 and its 200 day moving average price is C$8.69. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.29 and a current ratio of 2.75.

Avino Silver & Gold Mines (TSE:ASM) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$0.14 earnings per share for the quarter. Avino Silver & Gold Mines had a net margin of 24.72% and a return on equity of 14.56%. The company had revenue of C$40.70 million for the quarter. Research analysts forecast that Avino Silver & Gold Mines Ltd. will post 0.0949153 earnings per share for the current year.

Insider Activity

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