Aya Gold & Silver (TSE:AYA) Trading 5% Higher – Here’s Why

Aya Gold & Silver Inc. (TSE:AYA) shares traded up 5% during trading on Tuesday . The stock traded as high as C$13.17 and last traded at C$13.00. 179,648 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 752,686 shares. The stock had previously closed at C$12.38.

Wall Street Analyst Weigh In

Several research firms have issued reports on AYA. Stifel Nicolaus decreased their price target on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research report on Monday, November 25th. National Bankshares decreased their price target on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Cormark decreased their price target on shares of Aya Gold & Silver from C$14.00 to C$13.00 in a research report on Thursday, January 30th. CIBC set a C$24.00 price target on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Cibc World Mkts upgraded shares of Aya Gold & Silver to a “strong-buy” rating in a research report on Friday, November 22nd. One equities research 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 company. According to data from MarketBeat, Aya Gold & Silver presently has an average rating of “Buy” and a consensus price target of C$20.94.

Aya Gold & Silver Stock Performance

The company has a debt-to-equity ratio of 34.69, a quick ratio of 3.28 and a current ratio of 2.06. The firm’s 50-day moving average price is C$11.77 and its two-hundred day moving average price is C$13.85. The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 160.20 and a beta of 1.40.

Insider Activity

In other Aya Gold & Silver news, Director Benoit La Salle sold 64,244 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$11.27, for a total value of C$724,145.52. Also, Senior Officer Alex Ball sold 20,000 shares of the business’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$12.08, for a total transaction of C$241,600.00. In the last three months, insiders have sold 152,835 shares of company stock worth $1,761,507. Corporate insiders own 10.18% of the company’s stock.

Aya Gold & Silver Company Profile

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.