Fortuna Silver Mines Inc (FSM) stock has gained 4.87% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FSM Stock Today?
Fortuna Silver Mines Inc (FSM) stock has fallen -1.43% while the S&P 500 is up 0.88% as of 9:53 AM on Monday, Oct 12. FSM is down -$0.10 from the previous closing price of $6.99 on volume of 230,280 shares. Over the past year the S&P 500 has gained 17.23% while FSM is up 121.54%. FSM earned $0.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.4.
More About Fortuna Silver Mines Inc
Fortuna Silver Mines Inc is a Canada-based precious metals producer. It's business operations comprised of mining and related activities in Latin America, including exploration, extraction, and processing of silver- lead, zinc, and silver-gold and the sale of these products. The company operates the Caylloma silver, lead, and zinc mine in southern Peru and the San Jose silver, gold mine in southern Mexico, and is developing the Lindero gold Project in northern Argentina.