FSM - Why Shares of Fortuna Silver Mines Are Plunging Today
While the price of silver is up nearly 6% so far in November, investors aren't recognizing Fortuna Silver Mines (NYSE: FSM) as a very lustrous option today. As of 2:08 p.m. EST, shares are down 15.6%, having recovered slightly from their 17% decline earlier in the trading session.
Investors are deciding to sell shares today as doubt surrounding the continuing operation of the company's core silver and gold asset located in Mexico, San Jose, increases. Concurrently, an analyst's bearish take on the stock is providing further motivation for investors to exit their positions.
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Why Shares of Fortuna Silver Mines Are Plunging Today