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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$6.75 and traded as high as C$6.76. Fortuna Silver Mines shares last traded at C$6.59, with a volume of 856,402 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a report on Tuesday, July 23rd.

Fortuna Silver Mines Trading Down 0.3 %

The company has a debt-to-equity ratio of 16.12, a quick ratio of 1.15 and a current ratio of 1.51. The firm has a market capitalization of C$2.06 billion, a P/E ratio of -39.25 and a beta of 1.63. The firm has a 50 day simple moving average of C$6.52 and a two-hundred day simple moving average of C$6.75.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.