ASM Rallies 6.5% to Test 52-Week High
$Avino Silver & Gold Mines(ASM)$
Avino Silver & Gold Mines(ASM) Rallied +6.54%: Miner Touches 52-Week High, Momentum Peaks
Latest Close Data
Closed at $6.84 on 2025-12-23, up +6.54%. The day's high of $6.98 equals the 52-week high, signaling a critical test of major resistance.
Core Market Drivers
The surge aligns with strong institutional inflows over recent sessions and a notable decline in short volume, suggesting covering activity.
The stock continues to ride momentum in the junior precious metals sector.
Technical Analysis
Volume was solid at 5.84M shares (Volume Ratio 1.14). The RSI(6) is extremely overbought at 87.5, indicating overheated momentum.
However, the MACD histogram remains positive at 0.168, confirming the ongoing bullish trend.
Key Price Levels
Primary Support: $6.17 (Recent swing low)
Strong Resistance: $6.98 (Current 52-week high)
Immediate Pivot: $6.84 (Today's close). A break above $6.98 is needed for a new leg higher.
Valuation Perspective
P/E TTM is elevated at 49.5, significantly above many mining peers, pricing in high growth expectations. P/S TTM of 12.48 also reflects a premium valuation.
Analyst Targets
4 analysts cover ASM with an average price target of $5.85 (14.5% below current price). Sentiment is bullish with 3 "Buy" and 1 "Hold" recommendations.
Weekly Outlook
Expect consolidation or a pullback near the $6.98 resistance given the extreme RSI. A successful break above could target the $7.4 analyst high. Failure to hold $6.68 (today's low) may see a retreat toward $6.42.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading involves significant risk. Past performance is not indicative of future results. Always conduct your own research.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- multichain·12-23 20:31Great article, would you like to share it?LikeReport