Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,150,142 shares, an increase of 2.0% from the August 15th total of 1,127,559 shares. Based on an average daily trading volume, of 115,978 shares, the short-interest ratio is currently 9.9 days.
An institutional investor recently raised its position in Avino Silver & Gold Mines stock. Bard Associates Inc. increased its stake in shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) by 42.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,129,450 shares of the basic materials company’s stock after acquiring an additional 337,100 shares during the period. Bard Associates Inc. owned approximately 2.14% of Avino Silver & Gold Mines worth $1,564,000 at the end of the most recent reporting period.
Shares of NYSEAMERICAN ASM traded down $0.01 during midday trading on Monday, hitting $0.65. The stock had a trading volume of 327,100 shares, compared to its average volume of 181,006. Avino Silver & Gold Mines has a 1-year low of $0.56 and a 1-year high of $1.62.
Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last released its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $9.18 million for the quarter. Avino Silver & Gold Mines had a negative return on equity of 4.34% and a negative net margin of 8.48%.
Several equities analysts have recently weighed in on ASM shares. HC Wainwright set a $3.00 price objective on Avino Silver & Gold Mines and gave the company a “buy” rating in a research note on Thursday, July 19th. Noble Financial set a $2.00 price objective on Avino Silver & Gold Mines and gave the company a “buy” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered Avino Silver & Gold Mines from a “hold” rating to a “strong sell” rating in a research note on Friday, July 20th. Finally, Noble Capital Markets lowered Avino Silver & Gold Mines from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 13th.
Avino Silver & Gold Mines Company Profile
Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the production and sale of silver, gold, and copper; and the acquisition, exploration, and advancement of mineral properties. The company owns interest in the Avino property, which contains 42 mineral claims and leases 4 mineral claims covering an area of approximately 1,104 hectares in the state of Durango, Mexico.
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