Solaris Resources (TSE:SLS) Stock Price Down 1.3%

Shares of Solaris Resources Inc. (TSE:SLSGet Rating) fell 1.3% during mid-day trading on Tuesday . The stock traded as low as C$6.67 and last traded at C$6.67. 59,369 shares were traded during trading, a decline of 71% from the average session volume of 206,933 shares. The stock had previously closed at C$6.76.

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their price target on shares of Solaris Resources from C$22.00 to C$16.00 in a research note on Wednesday, July 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$20.50.

Solaris Resources Stock Down 1.3 %

The stock has a market cap of C$763.63 million and a P/E ratio of -9.33. The stock’s 50-day moving average is C$7.10 and its 200-day moving average is C$10.58. The company has a current ratio of 2.87, a quick ratio of 2.77 and a debt-to-equity ratio of 0.75.

Insider Activity

In related news, Senior Officer Sunny Lowe purchased 20,600 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average price of C$7.33 per share, for a total transaction of C$150,998.00. Following the transaction, the insider now directly owns 40,000 shares of the company’s stock, valued at approximately C$293,200. In other news, Senior Officer Sunny Lowe bought 20,600 shares of the business’s stock in a transaction on Monday, August 15th. The shares were bought at an average cost of C$7.33 per share, with a total value of C$150,998.00. Following the purchase, the insider now directly owns 40,000 shares in the company, valued at C$293,200. Also, Senior Officer Jacqueline Wagenaar bought 5,500 shares of Solaris Resources stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of C$9.31 per share, with a total value of C$51,205.00. Following the acquisition, the insider now directly owns 162,280 shares of the company’s stock, valued at C$1,510,826.80.

Solaris Resources Company Profile

(Get Rating)

Solaris Resources Inc engages in acquisition, exploration, and development 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 eight metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.

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