Too Optimistic?Looking at Fortuna's chart ..... it appears that FVI wants to move up quickly. I really wouldn't be surprised this continues to move up to $7.50 CAD in the next couple of weeks (earnings out in early November).
I'm no pumper. I try to play the "devil's advocate" and be conservative in my expectations. FVI p/e is way too low when comparing it to othe other companies. I've had plenty invested with Fortuna for over a decade and watch how it trades. There are numerous times this stock has moved $1 - $2 with surprising speed (days/weeks).
I prefer to see a slow, steady rise in stock prices but just too many moving parts.... rising inflation, earnings growth, money rotation, companies with low multiples ......