Avino Silver & Gold Mines (TSE:ASM) Trading Down 9.5% – Time to Sell?

Avino Silver & Gold Mines Ltd. (TSE:ASM)’s stock price dropped 9.5% during trading on Thursday . The company traded as low as C$7.90 and last traded at C$7.96. Approximately 733,649 shares changed hands during trading, a decline of 25% from the average session volume of 982,706 shares. The stock had previously closed at C$8.80.

Avino Silver & Gold Mines Stock Down 9.3%

The company’s fifty day simple moving average is C$8.96 and its 200-day simple moving average is C$9.98. The company has a debt-to-equity ratio of 3.03, a current ratio of 5.78 and a quick ratio of 1.29. The firm has a market capitalization of C$1.40 billion, a PE ratio of 36.27 and a beta of 3.15.

Avino Silver & Gold Mines (TSE:ASM) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.20 earnings per share (EPS) for the quarter. Avino Silver & Gold Mines had a return on equity of 17.62% and a net margin of 33.31%.The business had revenue of C$54.82 million for the quarter. On average, analysts forecast that Avino Silver & Gold Mines Ltd. will post 0.0949153 EPS for the current year.

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.