Fortuna Silver Mines (TSE:FVI) Stock 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 two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.97 and traded as low as C$11.60. Fortuna Silver Mines shares last traded at C$11.90, with a volume of 789,680 shares.

Fortuna Silver Mines Price Performance

The company has a market cap of C$3.61 billion, a P/E ratio of 11.23 and a beta of 2.67. The company has a fifty day moving average price of C$12.84 and a two-hundred day moving average price of C$13.97. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.15 and a current ratio of 3.17.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, May 6th. The company reported C$0.50 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%.The business had revenue of C$476.14 million for the quarter. On average, sell-side analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortuna Silver Mines

In related news, Director Jorge A. Ganoza Durant purchased 20,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of C$14.93 per share, with a total value of C$298,600.00. Following the transaction, the director directly owned 1,506,443 shares of the company’s stock, valued at C$22,491,193.99. This trade represents a 1.35% increase in their ownership of the stock. Over the last quarter, insiders purchased 40,000 shares of company stock worth $579,200. 0.83% of the stock is owned by insiders.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.