Solaris Resources (TSE:SLS) Stock Price Up 0.4% - Here's Why

Solaris Resources Inc. (TSE:SLS - Get Free Report)'s share price traded up 0.4% on Monday . The company traded as high as C$4.74 and last traded at C$4.68. 144,952 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 240,746 shares. The stock had previously closed at C$4.66.

Analysts Set New Price Targets

Separately, National Bankshares reduced their target price on Solaris Resources from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th.

Solaris Resources Stock Up 2.9 %

The company has a debt-to-equity ratio of 93.10, a quick ratio of 1.29 and a current ratio of 5.37. The firm has a market cap of C$872.85 million, a price-to-earnings ratio of -11.96 and a beta of 1.90. The business's 50 day moving average price is C$4.73 and its 200 day moving average price is C$3.80.

About Solaris Resources

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.