Fortuna Silver Mines (TSE:FVI) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Fortuna Silver Mines' stock has crossed above its 200-day moving average, trading at C$9.40, significantly higher than the average of C$8.03.
• The company has a market cap of C$2.08 billion, a debt-to-equity ratio of 13.30, and a high price-to-earnings ratio of 83.43.
• Fortuna operates several mining facilities across countries like Argentina, Mexico, and Peru, focusing on both precious and base metals.

Fortuna Silver Mines Inc. (TSE:FVI - NYSE: FSM passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.03 and traded as high as C$9.61. Fortuna Silver Mines shares last traded at C$9.40, with a volume of 668,203 shares.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 83.43 and a beta of 1.63. The firm has a fifty day simple moving average of C$8.91 and a two-hundred day simple moving average of C$8.03.

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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