Fortuna Silver Mines (TSE:FVI) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Fortuna Silver Mines Inc. shares surpassed their 200-day moving average, trading at C$11.63, significantly above the average of C$8.80.
• The stock exhibited a 6.3% increase during trading, with a market capitalization of C$3.57 billion and a PE ratio of 23.26.
• The company operates several mining projects across multiple countries, including Argentina, Mexico, and Peru, focused on precious and base metals.

Shares of Fortuna Silver Mines Inc. (TSE:FVI - NYSE: FSM crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.80 and traded as high as C$11.66. Fortuna Silver Mines shares last traded at C$11.63, with a volume of 1,217,888 shares trading hands.

Fortuna Silver Mines Trading Up 6.3%

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 stock has a market capitalization of C$3.57 billion, a PE ratio of 23.26 and a beta of 1.38. The stock has a 50-day moving average price of C$9.71 and a two-hundred day moving average price of C$8.80.

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.

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