Solaris Resources Inc. (TSE:SLS - Get Free Report) traded up 0.6% during trading on Tuesday . The company traded as high as C$3.44 and last traded at C$3.34. 311,473 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 217,849 shares. The stock had previously closed at C$3.32.
Wall Street Analyst Weigh In
SLS has been the subject of a number of research reports. National Bankshares cut their target price on shares of Solaris Resources from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Canaccord Genuity Group increased their price objective on Solaris Resources from C$14.50 to C$16.00 in a research note on Monday, July 22nd. Finally, Eight Capital reduced their target price on shares of Solaris Resources from C$23.50 to C$15.00 in a report on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$13.50.
Get Our Latest Analysis on SLS
Solaris Resources Stock Down 5.7 %
The firm has a 50-day moving average of C$3.20 and a two-hundred day moving average of C$3.80. The company has a current ratio of 5.37, a quick ratio of 1.29 and a debt-to-equity ratio of 93.10. The firm has a market capitalization of C$511.06 million, a PE ratio of -7.42 and a beta of 1.90.
About Solaris Resources
(
Get Free Report)
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.
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