Fortuna Silver Mines (NYSE:FSM) : Traders are bullish on Fortuna Silver Mines (NYSE:FSM) as it has outperformed the S&P 500 by a wide margin of 31.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.19% in the last 1 week, and is up 33.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 155.59% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $8.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.44 and the 200 Day Moving Average price is recorded at $4.55.
The stock has recorded a 20-day Moving Average of 29.69% and the 50-Day Moving Average is 37.41%.
Fortuna Silver Mines (NYSE:FSM): stock turned positive on Friday. Though the stock opened at $8.08, the bulls momentum made the stock top out at $8.8 level for the day. The stock recorded a low of $8 and closed the trading day at $8.69, in the green by 7.95%. The total traded volume for the day was 2,256,308. The stock had closed at $8.05 in the previous days trading.
Fortuna Silver Mines Inc. (Fortuna) is a Canada-based mining company, which is engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company is engaged in the mining and processing of silver-lead, zinc and silver-gold products, and the sale of these products. The Company operates the Caylloma mine and the San Jose mine. Caylloma is an underground silver, lead and zinc mine located in southern Peru, in the Arequipa Department. San Jose is an underground silver-gold mine located in southern Mexico in the State of Oaxaca. The Company operates in Canada, Peru and Mexico. The Companys subsidiaries include Minera Bateas S.A.C., Fortuna Silver Mines Peru S.A.C., Compania Minera Cuzcatlan SA, Fortuna Silver Mexico, S.A. de CV., Fortuna Silver (Barbados) Inc. and Continuum Resources Ltd.