Fortuna Silver Mines (TSE:FVI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.53 and traded as high as C$6.56. Fortuna Silver Mines shares last traded at C$6.50, with a volume of 554,710 shares traded.

Fortuna Silver Mines Stock Up 4.7 %

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 firm has a market capitalization of C$2.04 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63. The stock has a fifty day moving average of C$6.51 and a 200-day moving average of C$6.53.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its earnings results on Wednesday, November 6th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $0.13 EPS. As a group, sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current year.

About Fortuna Silver Mines

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.