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

Key Points

• Fortuna Silver Mines' stock price surpassed its 200-day moving average of C$8.41, reaching a high of C$10.00 before settling at C$9.61.
• The company has a market cap of C$2.12 billion and a PE ratio of 85.30, indicating valuation concerns despite recent stock performance.
• Fortuna operates several mines across multiple countries, including Argentina, Mexico, and Peru, focusing on 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 Tuesday . The stock has a 200-day moving average of C$8.41 and traded as high as C$10.00. Fortuna Silver Mines shares last traded at C$9.61, with a volume of 944,242 shares traded.

Fortuna Silver Mines Trading Down 0.8%

The business's 50-day moving average price is C$9.28 and its two-hundred day moving average price is C$8.49. The company has a market capitalization of C$2.29 billion, a P/E ratio of 92.04 and a beta of 1.63. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15.

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.