Fortuna Silver Mines (TSE:FVI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Fortuna Silver Mines Inc. (TSE:FVIGet Free Report) (NYSE:FSM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.60 and traded as low as C$5.99. Fortuna Silver Mines shares last traded at C$6.04, with a volume of 603,811 shares trading hands.

Fortuna Silver Mines Trading Up 2.2 %

The stock’s fifty day simple moving average is C$6.71 and its 200-day simple moving average is C$6.59. The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. The firm has a market cap of C$1.93 billion, a PE ratio of -39.25 and a beta of 1.63.

Fortuna Silver Mines Company Profile

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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.

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