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Why This $5 Silver Stock Sank 20% in June and Is Heading Lower

·3 min read
Why This $5 Silver Stock Sank 20% in June and Is Heading Lower
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Shares of Fortuna Silver Mines (NYSE: FSM) sank 20.1% in the month of June, according to data provided by S&P Global Market Intelligence. With that drop, the silver mining stock gave up all of its gains from May and then some, and the stock isn't done just yet: It's already down about another 7% so far in July. The company's recent acquisition, even as silver prices got whacked, didn't go down well with the market.