Fortuna Silver Mines (TSE:FVI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.93 and traded as high as C$16.52. Fortuna Silver Mines shares last traded at C$16.07, with a volume of 749,471 shares trading hands.

Fortuna Silver Mines Price Performance

The firm has a 50-day moving average price of C$14.57 and a 200 day moving average price of C$13.92. The stock has a market capitalization of C$4.93 billion, a P/E ratio of 14.13 and a beta of 2.80. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.15 and a current ratio of 3.00.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.35 earnings per share for the quarter. Fortuna Silver Mines had a net margin of 32.02% and a return on equity of 22.20%. The firm had revenue of C$452.40 million during the quarter. On average, analysts expect that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current year.

Insider Activity

In other 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 transaction of C$226,050.00. Following the transaction, the insider directly owned 85,646 shares of the company’s stock, valued at approximately 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 the firm’s 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 transaction, the insider directly owned 31,000 shares in the company, valued at C$459,420. This trade represents a 13.61% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 123,529 shares of company stock valued at $1,859,717. Company insiders own 0.83% of the company’s stock.

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.