Fortuna Silver Mines Inc. (TSE:FVI) shares have continued their recent momentum with a 30% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 87%.
In spite of the firm bounce in price, Fortuna Silver Mines may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 2.1x, since almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 2.9x and even P/S higher than 16x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
View our latest analysis for Fortuna Silver Mines
What Does Fortuna Silver Mines’ Recent Performance Look Like?
With revenue growth that’s superior to most other companies of late, Fortuna Silver Mines has been doing relatively well. It might be that many expect the…
