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Solitario Resources (NYSEAMERICAN:XPL) Shares Pass Above 50-Day Moving Average - Here's What Happened

Solitario Resources logo with Basic Materials background

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR's share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $0.65. Solitario Resources shares last traded at $0.65, with a volume of 24,098 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of Solitario Resources from $1.10 to $1.20 and gave the company a "buy" rating in a report on Wednesday, August 21st.

Check Out Our Latest Research Report on Solitario Resources

Solitario Resources Stock Down 1.6 %

The firm has a market capitalization of $51.71 million, a PE ratio of -12.70 and a beta of 0.92.

Hedge Funds Weigh In On Solitario Resources

A number of institutional investors have recently modified their holdings of XPL. Renaissance Technologies LLC boosted its holdings in Solitario Resources by 11.1% in the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company's stock valued at $769,000 after acquiring an additional 86,854 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of Solitario Resources by 76.7% during the 2nd quarter. Focused Wealth Management Inc now owns 310,900 shares of the basic materials company's stock worth $275,000 after purchasing an additional 135,000 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in Solitario Resources during the 2nd quarter worth approximately $266,000. Institutional investors and hedge funds own 18.23% of the company's stock.

About Solitario Resources

(Get Free Report)

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.

Further Reading

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