Fortuna Silver Mines (TSE:FVI) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Fortuna Silver Mines Inc. (TSE:FVIGet Free Report) (NYSE:FSM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Fortuna Silver Mines Price Performance

The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81. The business has a 50-day moving average price of C$12.78 and a two-hundred day moving average price of C$13.95. The firm has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 10.79 and a beta of 2.67.

Fortuna Silver Mines (TSE:FVIGet Free Report) (NYSE:FSM) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$476.14 million during the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%. As a group, research analysts forecast that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current year.

Insider Transactions at Fortuna Silver Mines

In related news, Director Jorge A. Ganoza Durant bought 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$13.29 per share, for a total transaction of C$132,900.00. Following the completion of the purchase, the director owned 1,526,443 shares of the company’s stock, valued at C$20,286,427.47. This represents a 0.66% increase in their position. Insiders acquired 40,000 shares of company stock valued at $579,200 in the last quarter. Company insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

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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.

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