Fortuna Silver Mines (TSE:FVI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.98 and traded as high as C$17.10. Fortuna Silver Mines shares last traded at C$16.77, with a volume of 561,047 shares traded.

Fortuna Silver Mines Stock Down 2.4%

The stock has a market cap of C$4.93 billion, a price-to-earnings ratio of 14.11 and a beta of 2.80. The company has a current ratio of 3.00, a quick ratio of 1.15 and a debt-to-equity ratio of 13.25. The stock’s 50-day moving average price is C$14.15 and its 200-day moving average price is C$14.00.

Insider Buying and Selling at Fortuna Silver Mines

In other Fortuna Silver Mines news, insider Neil Colbourne sold 7,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$14.90, for a total transaction of C$104,300.00. Following the sale, the insider owned 6,000 shares of the company’s stock, valued at approximately C$89,400. This represents a 53.85% decrease in their ownership of the stock. Also, insider David Whittle sold 28,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$15.09, for a total value of C$422,520.00. Following the sale, the insider owned 35,646 shares of the company’s stock, valued at approximately C$537,898.14. The trade was a 43.99% decrease in their ownership of the stock. In the last 90 days, insiders sold 123,529 shares of company stock worth $1,859,717. 0.83% of the stock is owned by company 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.