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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.88 and traded as high as C$17.92. Fortuna Silver Mines shares last traded at C$17.05, with a volume of 671,529 shares changing hands.

Fortuna Silver Mines Price Performance

The company’s 50-day moving average is C$13.30 and its 200-day moving average is C$13.88. The firm has a market cap of C$5.05 billion, a price-to-earnings ratio of 14.45 and a beta of 2.66. The company has a current ratio of 3.00, a quick ratio of 1.15 and a debt-to-equity ratio of 13.25.

Insider Buying and Selling at Fortuna Silver Mines

In related news, insider David Whittle sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$15.07, for a total value of C$226,050.00. Following the sale, the insider directly owned 85,646 shares of the company’s stock, valued at C$1,290,685.22. This trade represents a 14.90% decrease in their ownership of the stock. Also, insider Neil Colbourne sold 4,883 shares of Fortuna Silver Mines stock in a transaction dated Friday, August 14th. The shares were sold at an average price of C$14.82, for a total value of C$72,366.06. Following the completion of the transaction, the insider owned 31,000 shares in the company, valued at approximately C$459,420. This represents a 13.61% decrease in their position. Over the last 90 days, insiders have sold 123,529 shares of company stock valued at $1,859,717. 0.83% of the stock is owned by corporate insiders.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Guinea, Guyana, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.