Fortuna Silver Mines (TSE:FVI) Share Price Passes Above 200-Day Moving Average - Here's Why

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.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's stock price passed 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.

Fortuna Silver Mines Stock Performance

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 cap of C$3.35 billion, a P/E ratio of 21.82 and a beta of 1.38. The business's 50-day moving average price is C$9.85 and its 200-day moving average price is C$8.92.

About Fortuna Silver Mines

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.