A three part story:
1) Notice the way Avino Silver & Gold (ASM) traded yesterday:
2) Then six minutes after the bell yesterday, this NR hit which announced that ASM would raise money via a placement.
3) Then this morning, we read that the placement is priced:
VANCOUVER, Sept. 21, 2018 /CNW/ – Avino Silver & Gold Mines Ltd. (ASM:TSX/NYSE American; FSE:GV6, “Avino” or “the Company”)
today announced that it has priced an underwritten public offering of
an aggregate of 6,239,867 common shares of the Company, together with
warrants to purchase up to 6,239,867 common shares of the Company, at a
public offering price of US$0.65 per share and associated warrant to purchase one common share. Each warrant will have an exercise price of US$0.80 and will expire five years from the date of issuance.