Solitario Resources (NYSEAMERICAN:XPL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.61. Solitario Resources shares last traded at $0.60, with a volume of 7,755 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.20 price objective on shares of Solitario Resources in a research report on Tuesday, December 10th.

Solitario Resources Stock Up 1.9 %

The stock has a market cap of $48.63 million, a P/E ratio of -9.95 and a beta of 0.89.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last released its earnings results on Monday, November 11th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). As a group, equities analysts expect that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Solitario Resources

Hedge funds have recently bought and sold shares of the company. Focused Wealth Management Inc increased its position in shares of Solitario Resources by 76.7% during the 2nd quarter. Focused Wealth Management Inc now owns 310,900 shares of the basic materials company’s stock valued at $275,000 after purchasing an additional 135,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after buying an additional 59,573 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Solitario Resources by 11.1% in the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 86,854 shares during the period. 18.23% of the stock is owned by hedge funds and other institutional investors.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.