Fortuna Silver Mines (TSE:FVI) Releases Quarterly Earnings Results

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) announced its quarterly earnings results on Thursday. The company reported C$0.25 earnings per share for the quarter, reports. Fortuna Silver Mines had a net margin of 32.02% and a return on equity of 22.20%. The firm had revenue of C$417.74 million for the quarter.

Fortuna Silver Mines Trading Down 0.8%

Fortuna Silver Mines stock traded down C$0.11 during midday trading on Thursday, hitting C$13.30. 1,209,042 shares of the stock were exchanged, compared to its average volume of 953,020. 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 simple moving average is C$15.49 and its 200 day simple moving average is C$14.31. Fortuna Silver Mines has a fifty-two week low of C$11.07 and a fifty-two week high of C$18.99. The stock has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 11.27 and a beta of 2.68.

Insider Activity

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

About Fortuna Silver Mines

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.