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

Key Points

• Fortuna Silver Mines stock price surpassed its 200-day moving average of C$8.13, trading as high as C$9.18 before closing at C$8.82 with a volume of 791,058 shares.
• The company has significant financial metrics, including a debt-to-equity ratio of 13.30 and a market capitalization of C$1.95 billion.
• Fortuna Silver Mines is involved in mining activities across several countries, including Argentina, Mexico, and Peru, operating multiple mines and developing new projects.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.13 and traded as high as C$9.18. Fortuna Silver Mines shares last traded at C$8.82, with a volume of 791,058 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$2.15 billion, a price-to-earnings ratio of 86.36 and a beta of 1.63. The firm has a fifty day simple moving average of C$9.10 and a two-hundred day simple moving average of C$8.20.

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.