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Avino Silver & Gold Mines (NYSE:ASM) Sees Large Volume Increase - Here's Why

Avino Silver & Gold Mines logo with Basic Materials background

Avino Silver & Gold Mines Ltd. (NYSE:ASM - Get Free Report) shares saw strong trading volume on Friday . 4,565,590 shares were traded during mid-day trading, an increase of 107% from the previous session's volume of 2,209,337 shares.The stock last traded at $3.60 and had previously closed at $3.71.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Avino Silver & Gold Mines from a "buy" rating to a "hold" rating in a report on Friday, May 16th. HC Wainwright upped their price objective on shares of Avino Silver & Gold Mines from $2.20 to $2.80 and gave the company a "buy" rating in a research note on Thursday, May 15th.

View Our Latest Analysis on ASM

Avino Silver & Gold Mines Stock Up 1.7%

The firm's 50-day moving average price is $3.17 and its 200-day moving average price is $2.35. The company has a market cap of $525.38 million, a price-to-earnings ratio of 181.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its holdings in Avino Silver & Gold Mines by 18.5% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 31,452 shares of the company's stock valued at $58,000 after purchasing an additional 4,904 shares in the last quarter. Mariner LLC acquired a new stake in Avino Silver & Gold Mines during the 4th quarter valued at $41,000. Northwest & Ethical Investments L.P. bought a new position in Avino Silver & Gold Mines during the 1st quarter valued at $118,000. Cubist Systematic Strategies LLC acquired a new position in shares of Avino Silver & Gold Mines in the 1st quarter valued at about $134,000. Finally, Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines during the 4th quarter valued at about $67,000. 3.11% of the stock is owned by institutional investors and hedge funds.

Avino Silver & Gold Mines Company Profile

(Get Free Report)

Avino Silver & Gold Mines Ltd. engages in the mining and exploration activities. It focuses on silver reserves in the Durango region of North Central Mexico. It operates through the Silver, Gold, and Copper segments. The company was founded on May 15, 1968 and is headquartered in Vancouver, Canada.

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