Avino Silver & Gold Mines (NYSE:ASM) Stock Price Down 6% – Here’s Why

Shares of Avino Silver & Gold Mines Ltd. (NYSE:ASM) fell 6% during mid-day trading on Wednesday . The stock traded as low as $1.09 and last traded at $1.09. 1,435,172 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 3,013,741 shares. The stock had previously closed at $1.16.

Analyst Upgrades and Downgrades

ASM has been the subject of a number of recent analyst reports. HC Wainwright upped their target price on Avino Silver & Gold Mines from $1.50 to $1.80 and gave the company a “buy” rating in a research report on Thursday, November 14th. Alliance Global Partners increased their price objective on shares of Avino Silver & Gold Mines from $1.70 to $2.20 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Roth Mkm restated a “buy” rating and issued a $1.80 target price (down from $1.90) on shares of Avino Silver & Gold Mines in a research report on Thursday, November 14th.

Avino Silver & Gold Mines Price Performance

The business’s fifty day moving average price is $1.26 and its 200 day moving average price is $1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.36 and a quick ratio of 1.43. The stock has a market cap of $153.10 million, a P/E ratio of 54.50 and a beta of 1.97.

Institutional Trading of Avino Silver & Gold Mines

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in shares of Avino Silver & Gold Mines during the first quarter worth $1,906,000. Marshall Wace LLP acquired a new position in Avino Silver & Gold Mines in the 2nd quarter worth about $165,000. Rathbones Group PLC bought a new position in Avino Silver & Gold Mines in the second quarter valued at about $135,000. XTX Topco Ltd acquired a new stake in shares of Avino Silver & Gold Mines during the third quarter valued at about $100,000. Finally, Jane Street Group LLC grew its holdings in shares of Avino Silver & Gold Mines by 276.3% during the third quarter. Jane Street Group LLC now owns 39,184 shares of the company’s stock worth $43,000 after purchasing an additional 28,771 shares during the last quarter. Institutional investors and hedge funds own 3.11% of the company’s stock.

About Avino Silver & Gold Mines

Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Canada. It primarily explores for silver, gold, and copper deposits. The company owns interests in 42 mineral claims and four leased mineral claims, including Avino mine area property comprising four exploration concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and one leased exploitation concession covering 98.83 hectares; Gomez Palacio property consists of nine exploration concessions covering 2,549 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.