Avino Silver & Gold Mines (NYSE:ASM) Shares Down 6.1% – Here’s What Happened

Avino Silver & Gold Mines Ltd. (NYSE:ASM) dropped 6.1% during mid-day trading on Wednesday . The stock traded as low as $1.83 and last traded at $1.79. Approximately 4,406,418 shares were traded during mid-day trading, an increase of 192% from the average daily volume of 1,507,827 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

ASM has been the topic of several research reports. StockNews.com upgraded Avino Silver & Gold Mines from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. HC Wainwright boosted their price objective on Avino Silver & Gold Mines from $1.90 to $2.20 and gave the company a “buy” rating in a research report on Wednesday, March 12th.

Avino Silver & Gold Mines Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.43 and a current ratio of 2.36. The firm has a market capitalization of $253.56 million, a price-to-earnings ratio of 90.05 and a beta of 1.87. The firm’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.25.

Institutional Investors Weigh In On Avino Silver & Gold Mines

Several large investors have recently modified their holdings of the stock. Mariner LLC bought a new position in shares of Avino Silver & Gold Mines during the 4th quarter worth approximately $41,000. Jane Street Group LLC grew its position in Avino Silver & Gold Mines by 276.3% in the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock valued at $43,000 after acquiring an additional 28,771 shares during the period. Two Sigma Advisers LP acquired a new position in Avino Silver & Gold Mines during the fourth quarter worth $67,000. Prudential Financial Inc. bought a new position in shares of Avino Silver & Gold Mines during the fourth quarter valued at $80,000. Finally, XTX Topco Ltd acquired a new stake in shares of Avino Silver & Gold Mines in the 3rd quarter valued at $100,000. 3.11% of the stock is currently owned by institutional investors.

Avino Silver & Gold Mines Company Profile

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.