Do Traders Think Fortuna Silver Mines Inc (FSM) Can Keep Climbing Thursday?

Overall market sentiment has been high on Fortuna Silver Mines Inc (FSM) stock lately. FSM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Fortuna Silver Mines Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FSM!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FSM Stock Today?

Fortuna Silver Mines Inc (FSM) stock is trading at $3.58 as of 10:48 AM on Thursday, Nov 16, a gain of $0.20, or 5.93% from the previous closing price of $3.38. The stock has traded between $3.36 and $3.61 so far today. Volume today is light. So far 2,809,331 shares have traded compared to average volume of 4,086,603 shares.

More About Fortuna Silver Mines Inc

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales. Click Here to get the full Stock Report for Fortuna Silver Mines Inc stock.