Solaris Resources (TSE:SLS) Trading Up 0.6% – What’s Next?

Solaris Resources Inc. (TSE:SLS)’s stock price was up 0.6% during trading on Tuesday . The stock traded as high as C$3.44 and last traded at C$3.34. Approximately 311,473 shares changed hands during trading, an increase of 43% from the average daily volume of 217,849 shares. The stock had previously closed at C$3.32.

Analysts Set New Price Targets

Several equities research analysts have commented on SLS shares. Eight Capital cut their price objective on Solaris Resources from C$23.50 to C$15.00 in a research note on Thursday, July 11th. Canaccord Genuity Group boosted their target price on Solaris Resources from C$14.50 to C$16.00 in a report on Monday, July 22nd. Finally, National Bankshares lowered their target price on Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Solaris Resources currently has an average rating of “Buy” and an average target price of C$13.50.

Solaris Resources Trading Up 0.6 %

The firm has a market capitalization of C$541.88 million, a price-to-earnings ratio of -7.42 and a beta of 1.90. The company has a fifty day moving average price of C$3.20 and a two-hundred day moving average price of C$3.81. The company has a current ratio of 5.37, a quick ratio of 1.29 and a debt-to-equity ratio of 93.10.

Solaris Resources Company Profile

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.