Shares of Avino Silver & Gold Mines Ltd (NYSEAMERICAN:ASM) traded up 8.7% on Monday . The company traded as high as $0.80 and last traded at $0.75, 1,561,737 shares changed hands during trading. An increase of 377% from the average session volume of 327,288 shares. The stock had previously closed at $0.69.
Separately, Zacks Investment Research lowered Avino Silver & Gold Mines from a “hold” rating to a “strong sell” rating in a research report on Friday, July 19th.
Avino Silver & Gold Mines (NYSEAMERICAN:ASM) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $6.71 million for the quarter, compared to analysts’ expectations of $8.51 million.
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 gold, silver, and copper deposits. The company owns interests in 42 mineral claims and 4 leased mineral claims comprising Avino mine area property comprising 4 concessions covering 154.4 hectares, 24 exploitation concessions covering 1,284.7 hectares, and 1 leased exploitation concession covering 98.83 hectares; Gomez Palacio property comprises 9 exploration concessions covering 2,549 hectares; Santiago Papasquiaro property comprising 4 exploration concessions covering 2,552.6 hectares and 1 exploitation concession covering 602.9 hectares; and Unification La Platosa properties comprising 3 leased concessions located in the state of Durango, Mexico.
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