Fortuna Silver Mines (TSE:FVI) Issues Earnings Results

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) released its earnings results on Thursday. The company reported C$0.25 earnings per share (EPS) for the quarter, reports. The company had revenue of C$417.74 million for the quarter. Fortuna Silver Mines had a net margin of 32.02% and a return on equity of 22.20%.

Fortuna Silver Mines Stock Up 2.3%

TSE:FVI traded up C$0.30 during midday trading on Friday, reaching C$13.60. The company had a trading volume of 997,430 shares, compared to its average volume of 953,227. The company has a current ratio of 3.00, a quick ratio of 1.15 and a debt-to-equity ratio of 13.25. The firm has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 11.53 and a beta of 2.78. The stock’s fifty day simple moving average is C$15.33 and its 200-day simple moving average is C$14.29. Fortuna Silver Mines has a 12-month low of C$11.07 and a 12-month high of C$18.99.

Insider Transactions at Fortuna Silver Mines

In related news, insider Neil Colbourne sold 7,000 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of C$14.90, for a total value of C$104,300.00. Following the completion of the transaction, the insider owned 6,000 shares in the company, valued at C$89,400. The trade was a 53.85% decrease in their ownership of the stock. Also, insider David Whittle sold 28,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$15.09, for a total transaction of C$422,520.00. Following the completion of the sale, the insider owned 35,646 shares in the company, valued at C$537,898.14. The trade was a 43.99% decrease in their ownership of the stock. Over the last three months, insiders have sold 123,529 shares of company stock valued at $1,859,717. Corporate insiders own 0.83% of the company’s stock.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Guinea, Guyana, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.