Solaris Resources (TSE:SLS) Trading Down 1.4%

Solaris Resources Inc. (TSE:SLS) was down 1.4% during mid-day trading on Wednesday . The company traded as low as C$2.87 and last traded at C$2.89. Approximately 170,525 shares changed hands during trading, a decline of 24% from the average daily volume of 223,104 shares. The stock had previously closed at C$2.93.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SLS shares. Canaccord Genuity Group lifted their price objective on shares of Solaris Resources from C$14.50 to C$16.00 in a research report on Monday, July 22nd. Eight Capital reduced their price objective on shares of Solaris Resources from C$23.50 to C$15.00 in a research report on Thursday, July 11th. National Bankshares increased their target price on Solaris Resources from C$8.50 to C$9.00 in a research note on Monday, July 22nd. BMO Capital Markets decreased their price target on Solaris Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 11th. Finally, TD Securities cut their price objective on Solaris Resources from C$17.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Solaris Resources presently has a consensus rating of “Buy” and an average target price of C$13.60.

Solaris Resources Trading Down 1.4 %

The firm has a market cap of C$468.87 million, a price-to-earnings ratio of -6.42 and a beta of 1.89. The business has a fifty day moving average of C$3.40 and a two-hundred day moving average of C$4.15. The company has a debt-to-equity ratio of 93.10, a quick ratio of 1.29 and a current ratio of 5.37.

Insider Buying and Selling at Solaris Resources

In other Solaris Resources news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$4.02, for a total transaction of C$75,220.15. 43.49% of the stock is owned by corporate insiders.

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.