Solitario Resources (NYSEAMERICAN:XPL) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.71 and traded as low as $0.6970. Solitario Resources shares last traded at $0.7102, with a volume of 991,904 shares.

Analyst Ratings Changes

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

Solitario Resources Price Performance

The firm has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $0.71. The company has a market cap of $64.56 million, a price-to-earnings ratio of -11.84 and a beta of 0.45.

Institutional Trading of Solitario Resources

Several hedge funds have recently bought and sold shares of XPL. Mercer Global Advisors Inc. ADV bought a new stake in Solitario Resources during the third quarter worth $35,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Solitario Resources during the 4th quarter worth about $130,000. Citadel Advisors LLC bought a new stake in shares of Solitario Resources in the 3rd quarter valued at about $194,000. Focused Wealth Management Inc lifted its stake in Solitario Resources by 7.0% in the 4th quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Solitario Resources by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 55,958 shares during the period. 18.23% of the stock is currently owned by institutional investors and hedge funds.

About Solitario Resources

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.