Fortuna Silver Mines (TSE:FVI) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Fortuna Silver Mines Trading Down 0.5 %

The firm has a market cap of C$1.94 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63. The firm’s 50-day moving average is C$6.76 and its 200-day moving average is C$6.71. The company has a current ratio of 1.51, a quick ratio of 1.15 and a debt-to-equity ratio of 16.12.

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.