Shares of Fortuna Silver Mines (FSM) Sees Large Inflow of Net Money Flow

Fortuna Silver Mines (FSM) : Fortuna Silver Mines (FSM) had a healthy money flow of $0.23 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $0.37 million, whereas, investors only sold shares worth $0.14 million on downticks. The stock closed the day with an up-down ratio of 2.69.The money flow in the block trades to the tune of $0.23 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.23 million worth of transactions were on upticks. Fortuna Silver Mines (FSM) stock slid $0.05 intraday and traded at 8.82, a change of -0.56% over previous days close. However, for the week, the company shares are 1.5% compared to previous weeks close.


Institutional Investors own 42.71% of Fortuna Silver Mines shares.

Shares of Fortuna Silver Mines Inc. rose by 9.81% in the last five trading days and 30.92% for the last 4 weeks. Fortuna Silver Mines Inc. is up 76.92% in the last 3-month period. Year-to-Date the stock performance stands at 278.22%.

Fortuna Silver Mines (NYSE:FSM): On Tuesdays trading session , Opening price of the stock was $8.92 with an intraday high of $9.03. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.38. However, the stock managed to close at $8.51, a loss of 4.06% for the day. On the previous day, the stock had closed at $8.87. The total traded volume of the day was 1,971,740 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.