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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.58 and traded as low as C$6.39. Fortuna Silver Mines shares last traded at C$6.46, with a volume of 924,733 shares trading hands.

Fortuna Silver Mines Stock Up 1.4 %

The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63. The firm has a 50-day moving average of C$6.60 and a 200 day moving average of C$6.58. The company has a current ratio of 1.51, a quick ratio of 1.15 and a debt-to-equity ratio of 16.12.

Fortuna Silver Mines Company Profile

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.