Solaris Resources (TSE:SLS) Trading Down 4% – Should You Sell?

Solaris Resources Inc. (TSE:SLS)’s stock price was down 4% during mid-day trading on Friday . The stock traded as low as C$4.53 and last traded at C$4.53. Approximately 130,808 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 209,885 shares. The stock had previously closed at C$4.72.

Analysts Set New Price Targets

Separately, National Bankshares cut their price target on Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th.

Solaris Resources Stock Down 4.0 %

The stock has a market cap of C$734.95 million, a PE ratio of -10.07 and a beta of 1.90. The business has a 50-day moving average price of C$4.21 and a 200-day moving average price of C$3.64. 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.