Shares of Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI shot up 6.4% on Tuesday . The company traded as high as $4.51 and last traded at $4.51. 1,874,819 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 8,699,205 shares. The stock had previously closed at $4.24.
Fortuna Silver Mines Trading Up 7.5 %
The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.40 billion, a PE ratio of 57.01 and a beta of 1.55. The stock's fifty day simple moving average is $4.64 and its 200 day simple moving average is $4.74.
Institutional Trading of Fortuna Silver Mines
Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new stake in shares of Fortuna Silver Mines in the third quarter valued at $29,000. SeaCrest Wealth Management LLC purchased a new stake in Fortuna Silver Mines in the 4th quarter worth about $45,000. Private Advisor Group LLC bought a new stake in Fortuna Silver Mines in the third quarter worth about $50,000. Choreo LLC purchased a new position in shares of Fortuna Silver Mines during the second quarter valued at approximately $59,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fortuna Silver Mines during the second quarter valued at approximately $92,000. 33.80% of the stock is currently owned by institutional investors.
About Fortuna Silver Mines
(
Get Free Report)
Fortuna Mining Corp. 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.
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