Solitario Resources (NYSEAMERICAN:XPL) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.66 and traded as high as $0.86. Solitario Resources shares last traded at $0.75, with a volume of 1,596,498 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Trading Up 0.3%

The firm has a market capitalization of $68.18 million, a PE ratio of -12.50 and a beta of 0.40. The business has a fifty day moving average price of $0.66 and a two-hundred day moving average price of $0.70.

Institutional Investors Weigh In On Solitario Resources

An institutional investor recently bought a new position in Solitario Resources stock. Mercer Global Advisors Inc. ADV acquired a new position in Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,000 shares of the basic materials company’s stock, valued at approximately $35,000. Mercer Global Advisors Inc. ADV owned about 0.06% of Solitario Resources as of its most recent filing with the Securities and Exchange Commission. 18.23% of the stock is currently owned by institutional investors.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.