Fortuna Silver Mines (FSM) has risen sharply, recording gains of 28.3% in the past 4 weeks. However, the stock has corrected -6.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 20.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Fortuna Silver Mines (NYSE:FSM): The stock opened at $8.01 on Friday but the bulls could not build on the opening and the stock topped out at $8.15 for the day. The stock traded down to $7.91 during the day, due to lack of any buying support eventually closed down at $8.07 with a loss of -0.98% for the day. The stock had closed at $8.15 on the previous day. The total traded volume was 887,187 shares.
The stock has recorded a 20-day Moving Average of 3.76% and the 50-Day Moving Average is 18.74%. Fortuna Silver Mines Inc. is up 41.33% in the last 3-month period. Year-to-Date the stock performance stands at 258.67%.
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.