Fortuna Silver Mines (TSE:FVI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.62 and traded as high as C$9.43. Fortuna Silver Mines shares last traded at C$9.14, with a volume of 4,142,021 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st.

Fortuna Silver Mines Trading Down 2.6%

The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 81.13 and a beta of 1.63. The company’s 50-day moving average is C$8.58 and its 200-day moving average is C$7.62. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30.

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.