Avino Silver & Gold Mines (TSE:ASM) Trading Down 1.4% - Here's What Happened

Key Points

• Avino Silver & Gold Mines (TSE: ASM) saw its stock price decline by 1.4%, trading between C$7.13 and C$7.30, with a trading volume that increased 22% compared to the average.
• Roth Capital downgraded the company's rating from "strong-buy" to "hold", while the consensus rating remains a "Buy" from analysts.
• The company holds a market capitalization of C$1.07 billion and has notable financial ratios, including a debt-to-equity ratio of 2.75 and a PE ratio of 66.36.

Avino Silver & Gold Mines Ltd. (TSE:ASM - Get Free Report) fell 1.4% during mid-day trading on Tuesday . The stock traded as low as C$7.13 and last traded at C$7.30. 547,396 shares changed hands during trading, an increase of 22% from the average session volume of 448,651 shares. The stock had previously closed at C$7.40.

Analysts Set New Price Targets

Separately, Roth Capital lowered shares of Avino Silver & Gold Mines from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Avino Silver & Gold Mines Stock Performance

The company has a debt-to-equity ratio of 2.75, a current ratio of 2.36 and a quick ratio of 1.29. The stock has a 50-day moving average price of C$5.68 and a 200-day moving average price of C$4.46. The firm has a market capitalization of C$1.07 billion, a PE ratio of 66.36 and a beta of 2.52.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper. The company generates most of its revenues through the sale of Copper produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.