The Avino Silver & Gold Mines Ltd. (ASM) shares are trading at higher $1.03 and the avg recommendation for the stock is Moderate Buy.
To add more color to this target, the company’s high over the last year is $0.93 and the low is $0.26. Over the last 52 weeks, ASM is up 10.99% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, ASM reported a profit of $0.84 million. Avino Silver & Gold Mines Ltd. also saw revenues increase to $7.12 million. In addition, ASM has free cash flow of -$1.04 million as of 03-2020. The company’s EBITDA came in at $0.52 million which compares well with its peers.
ASM booked profit margins of -96.70%, its Return on Equity (ROE) is -46.70%, and its Return on Assets is -34.20%. All told, it is clear that, ASM needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ASM has a short ratio of 0.33 and outstanding shares of 77.27M.
ASM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.73 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.03. Avino Silver & Gold Mines Ltd. ASM also noted assets of $67.42 million at the end of the last quarter. Investors should also keep an eye on sector updates as ASM has historically followed its peers on positive news.
All told, Avino Silver & Gold Mines Ltd. ASM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ASM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Avino Silver & Gold Mines Ltd. ASM is now commanding a market cap of 82.82M and a float of 74.36M. ASM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ASM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ASM, either long or short, and we have not been compensated for this article.