Fortuna Silver Mines (TSE:FVI) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Fortuna Silver Mines Inc. (TSE:FVI) shares have surpassed their 200-day moving average, trading as high as C$11.34 with a last recorded price of C$11.25.
• The company boasts a debt-to-equity ratio of 13.30 and a market capitalization of C$3.45 billion.
• Fortuna Silver operates several mines across multiple countries, including Argentina, Mexico, and Peru, focusing on the extraction of precious and base metals.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.00 and traded as high as C$11.34. Fortuna Silver Mines shares last traded at C$11.25, with a volume of 5,834,467 shares.

Fortuna Silver Mines Stock Up 2.6%

The stock has a 50 day moving average of C$10.01 and a 200-day moving average of C$9.07. The firm has a market capitalization of C$3.71 billion, a P/E ratio of 24.18 and a beta of 1.38. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94.

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.