Avino Silver & Gold Mines (TSE:ASM) Trading Down 13.6% – Should You Sell?

Shares of Avino Silver & Gold Mines Ltd. (TSE:ASM) fell 13.6% during trading on Thursday . The stock traded as low as C$7.10 and last traded at C$7.48. 1,011,496 shares changed hands during trading, a decline of 5% from the average session volume of 1,063,876 shares. The stock had previously closed at C$8.66.

Avino Silver & Gold Mines Stock Performance

The firm’s 50 day moving average is C$11.70 and its 200 day moving average is C$8.82. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.29 and a current ratio of 4.06. The stock has a market cap of C$1.17 billion, a P/E ratio of 53.36 and a beta of 2.56.

Avino Silver & Gold Mines (TSE:ASM) last announced its earnings results 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 30.42% and a return on equity of 15.48%. The company had revenue of C$40.70 million during the quarter. Analysts anticipate that Avino Silver & Gold Mines Ltd. will post 0.0949153 EPS for the current year.

Insider Buying and Selling

In other news, insider Jose Carlos Rodriguez Moreno sold 10,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of C$12.40, for a total transaction of C$124,000.00. Following the sale, the insider 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. Company insiders own 1.94% of the company’s stock.

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.