Solaris Resources (TSE:SLS) Trading 0.4% Higher – Here’s What Happened

Shares of Solaris Resources Inc. (TSE:SLS) traded up 0.4% during mid-day trading on Monday . The stock traded as high as C$4.74 and last traded at C$4.68. 144,952 shares traded hands during trading, a decline of 40% from the average session volume of 240,746 shares. The stock had previously closed at C$4.66.

Wall Street Analysts Forecast Growth

Separately, National Bankshares dropped their target price 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 Price Performance

The company has a debt-to-equity ratio of 93.10, a quick ratio of 1.29 and a current ratio of 5.37. The company’s 50 day moving average price is C$4.67 and its 200-day moving average price is C$3.75. The company has a market cap of C$759.28 million, a price-to-earnings ratio of -10.40 and a beta of 1.90.

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.