Fortuna Silver Mines (TSE:FVI) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Fortuna Silver Mines Inc. (TSE:FVIGet Free Report) (NYSE:FSM) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.71 and traded as low as C$6.19. Fortuna Silver Mines shares last traded at C$6.20, with a volume of 916,159 shares traded.

Fortuna Silver Mines Trading Down 0.5 %

The company has a current ratio of 1.51, a quick ratio of 1.15 and a debt-to-equity ratio of 16.12. The stock has a 50-day simple moving average of C$6.76 and a 200 day simple moving average of C$6.70. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63.

About Fortuna Silver Mines

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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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