Aya Gold & Silver (TSE:AYA) Shares Up 0.9% – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA)’s share price shot up 0.9% on Tuesday . The company traded as high as C$10.99 and last traded at C$10.74. 411,015 shares were traded during trading, a decline of 13% from the average session volume of 474,312 shares. The stock had previously closed at C$10.64.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AYA. Cibc World Mkts raised Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. Desjardins raised shares of Aya Gold & Silver to a “moderate buy” rating in a research report on Thursday, October 31st. CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Cormark downgraded shares of Aya Gold & Silver from a “speculative buy” rating to a “market perform” rating and lowered their target price for the company from C$20.00 to C$14.00 in a research note on Friday, November 15th. Finally, National Bankshares reduced their price target on Aya Gold & Silver from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$21.72.

Aya Gold & Silver Price Performance

The stock has a 50 day moving average of C$13.87 and a 200-day moving average of C$14.90. The company has a debt-to-equity ratio of 36.42, a quick ratio of 3.28 and a current ratio of 2.66. The company has a market cap of C$1.46 billion, a PE ratio of 124.78 and a beta of 1.40.

About Aya Gold & Silver

Aya Gold & Silver Inc, together with its subsidiaries, engages in the exploration, evaluation, and development of precious metals projects in Morocco. The company primarily explores for gold and silver deposits. Its flagship project is the Zgounder property located approximately 265 kms east of Agadir in the Proterozoic Siroua Massif of the Anti-Atlas Range, Morocco.