Fortuna Silver Mines (TSE:FVI) Announces Earnings Results

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) announced its quarterly earnings results on Thursday. The company reported C$0.25 EPS for the quarter, reports. The business had revenue of C$417.74 million for the quarter. Fortuna Silver Mines had a net margin of 32.02% and a return on equity of 22.20%.

Fortuna Silver Mines Price Performance

Shares of Fortuna Silver Mines stock traded up C$0.14 during trading on Friday, reaching C$13.44. 122,563 shares of the stock traded hands, compared to its average volume of 948,659. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 11.39 and a beta of 2.78. The business has a fifty day simple moving average of C$15.41 and a two-hundred day simple moving average of C$14.30. The company has a debt-to-equity ratio of 13.25, a current ratio of 3.00 and a quick ratio of 1.15. Fortuna Silver Mines has a 52-week low of C$11.07 and a 52-week high of C$18.99.

Insider Activity

In other news, insider Neil Colbourne sold 4,883 shares of Fortuna Silver Mines stock in a transaction dated Friday, August 14th. The stock was sold at an average price of C$14.82, for a total value of C$72,366.06. Following the sale, the insider directly owned 31,000 shares of the company’s stock, valued at approximately C$459,420. The trade was a 13.61% decrease in their ownership of the stock. Also, insider David Whittle sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$15.07, for a total value of C$226,050.00. Following the completion of the sale, the insider owned 85,646 shares in the company, valued at C$1,290,685.22. This represents a 14.90% decrease in their ownership of the stock. Insiders sold 123,529 shares of company stock worth $1,859,717 over the last ninety days. Insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

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.