RE:Anyone know whyBefore commenting, I've been buying FVI since 2007. Yes a long time ....buying and selling some along the way.. but always holding a core position that has grown.
The stock and sector ran too far because of Covid and very loose global fiscal and monetary policy. I follow carefully the US. Fortuna sold off and others eventually did (Agnico, First Majestic, etc). It wasn't just the acquisition of Rox Gold (Burkina Faso turmoil). Fear of the central banks raising rates started to affect the sector. Fortuna and again the whole sector went into oversold territory. The markets can be very skittish.
The winds are changing. The sector needs higher gold prices and looks like $2000 + is here. Fortuna and others will benefit. For Fortuna to really move we need Seguela to really perform well and dividend news. We may not get to $11, but this spring can easily bring $7- $9.
JMHO from a long time investor