Fortuna Silver Mines (TSE:FVI) Hits New 1-Year High - What's Next?

Key Points

• Fortuna Silver Mines Inc. (TSE:FVI) reached a new 52-week high of C$11.13 during trading, closing at C$10.75 with a volume of over 1.5 million shares.
• The company has a market capitalization of C$3.30 billion and a PE ratio of 21.50, indicating a solid financial position.
• Fortuna operates multiple mining projects across several countries including Argentina, Mexico, and Peru, focusing on both precious and base metals.

Fortuna Silver Mines Inc. (TSE:FVI - NYSE: FSM's share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$11.13 and last traded at C$10.75, with a volume of 1502413 shares. The stock had previously closed at C$10.71.

Fortuna Silver Mines Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30. The firm has a market capitalization of C$3.30 billion, a PE ratio of 21.50 and a beta of 1.42. The firm's fifty day simple moving average is C$9.47 and its 200-day simple moving average is C$8.62.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.