Fortuna Silver Mines (TSE:FVI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.54 and traded as high as C$7.74. Fortuna Silver Mines shares last traded at C$7.60, with a volume of 1,008,316 shares trading hands.

Fortuna Silver Mines Stock Performance

The business has a 50 day moving average of C$6.56 and a 200 day moving average of C$6.54. The company has a market capitalization of C$2.38 billion, a P/E ratio of -39.25 and a beta of 1.63. The company has a quick ratio of 1.15, a current ratio of 1.51 and a debt-to-equity ratio of 16.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.07. Fortuna Silver Mines had a return on equity of 1.00% and a net margin of 0.20%. During the same quarter last year, the firm earned $0.13 earnings per share. On average, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current year.

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.