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

Aya Gold & Silver Inc. (TSE:AYA) shot up 5% on Tuesday . The company 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.

Analyst Ratings Changes

A number of brokerages have weighed in on AYA. Cormark dropped 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. National Bankshares dropped their target price on shares of Aya Gold & Silver from C$21.25 to C$20.75 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on shares of Aya Gold & Silver from C$23.00 to C$22.25 in a research note on Monday, November 25th. CIBC set a C$24.00 price target on shares of Aya Gold & Silver and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Cibc World Mkts raised shares of Aya Gold & Silver to a “strong-buy” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$20.94.

Aya Gold & Silver Price Performance

The company has a debt-to-equity ratio of 34.69, a current ratio of 2.06 and a quick ratio of 3.28. The stock has a market cap of C$1.25 billion, a P/E ratio of 160.20 and a beta of 1.40. The company’s 50 day simple moving average is C$11.77 and its 200 day simple moving average is C$13.85.

Insider Buying and Selling at Aya Gold & Silver

In other Aya Gold & Silver news, Director Benoit La Salle sold 64,244 shares of the company’s stock in a transaction that occurred on 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 Ugo Landry-Tolszczuk sold 38,591 shares of the company’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 transaction of C$435,761.85. Over the last 90 days, insiders sold 152,835 shares of company stock valued at $1,761,507. Corporate insiders own 10.18% of the company’s stock.

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.