Avino Silver & Gold Mines (TSE:ASM) Stock Price Up 0.1% – Here’s Why

Avino Silver & Gold Mines Ltd. (TSE:ASM)’s share price rose 0.1% during mid-day trading on Thursday . The stock traded as high as C$9.94 and last traded at C$9.70. Approximately 584,440 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 1,163,151 shares. The stock had previously closed at C$9.69.

Avino Silver & Gold Mines Price Performance

The stock has a 50 day moving average price of C$10.98 and a two-hundred day moving average price of C$9.09. 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 company has a market capitalization of C$1.63 billion, a PE ratio of 57.06 and a beta of 3.13.

Avino Silver & Gold Mines (TSE:ASM) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.14 earnings per share for the quarter. Avino Silver & Gold Mines had a return on equity of 15.48% and a net margin of 30.42%.The company had revenue of C$40.70 million during the quarter. Equities analysts forecast that Avino Silver & Gold Mines Ltd. will post 0.0949153 earnings per share for the current year.

Insider Buying and Selling at Avino Silver & Gold Mines

In other news, insider Jose Carlos Rodriguez Moreno sold 10,000 shares of the firm’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 completion of the sale, the insider directly owned 2,396,996 shares of the company’s stock, valued at C$29,722,750.40. This trade represents a 0.42% decrease in their position. 1.94% of the stock is owned by company 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.