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Fortuna Silver Mines (TSE:FVI) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Fortuna Silver Mines logo with Basic Materials background

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.92 and traded as high as C$9.15. Fortuna Silver Mines shares last traded at C$8.86, with a volume of 1,330,133 shares trading hands.

Fortuna Silver Mines Trading Down 2.2%

The company has a market capitalization of C$1.91 billion, a P/E ratio of 76.69 and a beta of 1.63. The firm's 50-day moving average price is C$8.77 and its 200 day moving average price is C$7.96. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30.

Fortuna Silver Mines Company Profile

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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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