Fortuna Silver Mines (TSE:FVI) Trading Down 9.1% - What's Next?

Key Points

• Fortuna Silver Mines Inc. experienced a significant drop in stock price, down 9.1% to around C$8.84, as about 713,183 shares were traded, a 28% decline from its average volume.
• The company, with a market cap of C$1.91 billion, operates multiple mines across several countries, including Argentina, Mexico, and Peru.
• Fortuna Silver has a price-to-earnings ratio of 76.60 and a high debt-to-equity ratio of 13.30, indicating potential financial risks.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's share price traded down 9.1% on Thursday . The stock traded as low as C$8.72 and last traded at C$8.84. 713,183 shares traded hands during trading, a decline of 28% from the average session volume of 986,415 shares. The stock had previously closed at C$9.72.

Fortuna Silver Mines Trading Up 2.4%

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 company has a 50 day simple moving average of C$9.17 and a two-hundred day simple moving average of C$8.29. The firm has a market cap of C$2.05 billion, a PE ratio of 82.28 and a beta of 1.63.

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.