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

Key Points

• Fortuna Silver Mines has reached a new 52-week high stock price of C$10.32 during trading, closing at C$10.22 with a trading volume of 543,253 shares.
• The company, with a market capitalization of C$2.25 billion, operates several mining projects across multiple countries, including Argentina and Mexico.
• Fortuna Silver has a high price-to-earnings ratio of 90.53 and substantial debt-to-equity ratio of 13.30, indicating significant market expectations for future growth.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$10.32 and last traded at C$10.22, with a volume of 543253 shares traded. The stock had previously closed at C$10.03.

Fortuna Silver Mines Trading Up 2.3%

The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The firm's fifty day simple moving average is C$9.22 and its 200-day simple moving average is C$8.42. The stock has a market cap of C$2.17 billion, a P/E ratio of 87.25 and a beta of 1.63.

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.