Aya Gold & Silver (TSE:AYA) Shares Down 5% – Here’s What Happened

Aya Gold & Silver Inc. (TSE:AYA) shares dropped 5% on Thursday . The stock traded as low as C$12.03 and last traded at C$12.06. Approximately 119,570 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 709,713 shares. The stock had previously closed at C$12.70.

Analyst Ratings Changes

AYA has been the subject of several recent research reports. Cormark reduced their target price on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a research note on Thursday, January 30th. Cibc World Mkts upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. Stifel Nicolaus reduced their target price on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. Desjardins reduced their target price on shares of Aya Gold & Silver from C$24.00 to C$23.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, CIBC set a C$24.00 price objective on shares of Aya Gold & Silver and gave the company an “outperform” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Aya Gold & Silver currently has a consensus rating of “Buy” and an average target price of C$20.94.

Aya Gold & Silver Trading Down 2.5 %

The firm has a market capitalization of C$1.06 billion, a P/E ratio of 135.63 and a beta of 1.40. The company has a quick ratio of 3.28, a current ratio of 2.06 and a debt-to-equity ratio of 34.69. The firm’s 50-day simple moving average is C$11.61 and its 200-day simple moving average is C$14.14.

Insider Buying and Selling at Aya Gold & Silver

In other news, Senior Officer Ugo Landry-Tolszczuk sold 38,591 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$11.29, for a total value of C$435,761.85. Also, Director Benoit La Salle sold 64,244 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$11.27, for a total transaction of C$724,145.52. Insiders sold a total of 152,835 shares of company stock worth $1,761,507 over the last three months. 10.18% of the stock is owned by insiders.

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.