Avino Silver & Gold Mines (NYSEAMERICAN:ASM) Stock Price Passes Above Fifty Day Moving Average of $1.05

Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.05 and traded as high as $1.30. Avino Silver & Gold Mines shares last traded at $1.29, with a volume of 790,196 shares trading hands.

A number of research firms have issued reports on ASM. Zacks Investment Research lowered shares of Avino Silver & Gold Mines from a “hold” rating to a “sell” rating in a report on Thursday, May 20th. TheStreet lowered shares of Avino Silver & Gold Mines from a “c-” rating to a “d+” rating in a report on Wednesday, March 24th. Finally, HC Wainwright reissued a “buy” rating and set a $1.50 target price on shares of Avino Silver & Gold Mines in a research report on Wednesday, February 17th.

The company has a market capitalization of $133.14 million, a price-to-earnings ratio of -12.09 and a beta of 1.43. The company has a 50-day moving average of $1.05.

Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last released its quarterly earnings results on Wednesday, May 12th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Avino Silver & Gold Mines had a negative net margin of 103.39% and a negative return on equity of 4.61%. The business had revenue of $0.03 million during the quarter. On average, equities analysts anticipate that Avino Silver & Gold Mines Ltd. will post 0.03 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. tru Independence LLC bought a new position in Avino Silver & Gold Mines during the fourth quarter worth $38,500,000. Axiom Investment Management LLC bought a new position in Avino Silver & Gold Mines during the first quarter worth $42,000. One One Wealth Management LLC bought a new position in Avino Silver & Gold Mines during the first quarter worth $43,000. Sicart Associates LLC bought a new stake in Avino Silver & Gold Mines in the first quarter valued at $47,000. Finally, Warberg Asset Management LLC bought a new stake in Avino Silver & Gold Mines in the first quarter valued at $70,000. Hedge funds and other institutional investors own 1.57% of the company’s stock.

About Avino Silver & Gold Mines (NYSEAMERICAN:ASM)

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 comprises four 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; Santiago Papasquiaro property comprising four exploration concessions covering 2,552.6 hectares and one exploitation concession covering 602.9 hectares; and Unification La Platosa properties, which include three leased concessions located in the state of Durango, Mexico.

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