Despite an already strong run, Avino Silver & Gold Mines Ltd. (TSE:ASM) shares have been powering on, with a gain of 29% in the last thirty days. This latest share price bounce rounds out a remarkable 387% gain over the last twelve months.
After such a large jump in price, Avino Silver & Gold Mines’ price-to-sales (or “P/S”) ratio of 10.2x might make it look like a strong sell right now compared to other companies in the Metals and Mining industry in Canada, where around half of the companies have P/S ratios below 5.6x and even P/S below 2x are quite common. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
View our latest analysis for Avino Silver & Gold Mines
