Why Fortuna Mining Corp. (FSM) crashed on Friday

Recently I published the list Ten shares took a shocking roe. In this article, we look at where Fortuna Mining Corp. (NYSE: FSM) exists against other Friday worst-performing stocks.

Fortuna Mining closed at $7.13 each as investors relied on profits following the previous day’s profit by 3.65% on Friday.

Fortuna Mining Corp. (NYSE: FSM), a major gold and silver mining company, rose gold and silver prices on Thursday, the latter reached a new all-time high.

Aerial map of miners extracting precious metal deposits in quarry.

However, gold spot prices fell 1.26% on Friday, while silver maintained its strength with an additional 0.92% profit.

In the first quarter of 2019, Fortuna Mining Corp. (NYSE: FSM) increased its net profit from continuing operations to $6797 million, up 130% from $29.5 million in the same period last year.

Revenue increased 45% from $29.9 million from the previous year to $290 million.

Fortuna Mining Corp. (NYSE: FSM) is scheduled to hold its annual shareholders meeting in Vancouver, Canada at 10am on June 26th.

Overall, FSM 10th place A list of the worst stocks on Friday. While we acknowledge the potential of FSM as an investment, our conviction lies in the belief that some AI stocks hold a greater promise to offer higher returns and limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. The best short-term AI stock.

Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.

Disclosure: None. This article was originally published Insider Monkey.