Solaris Resources (TSE:SLS) Stock Price Up 1.7% – Still a Buy?

Shares of Solaris Resources Inc. (TSE:SLS) shot up 1.7% on Thursday . The company traded as high as C$4.31 and last traded at C$4.28. 271,997 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 235,521 shares. The stock had previously closed at C$4.21.

Wall Street Analyst Weigh In

Separately, National Bankshares reduced their price objective on Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, October 15th.

Solaris Resources Price Performance

The stock has a 50 day simple moving average of C$3.76 and a two-hundred day simple moving average of C$3.61. The company has a market cap of C$694.39 million, a price-to-earnings ratio of -9.51 and a beta of 1.90. The company has a debt-to-equity ratio of 93.10, a current ratio of 5.37 and a quick ratio of 1.29.

About Solaris Resources

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.