Solaris Resources (TSE:SLS) Stock Price Up 0.6% – What’s Next?

Solaris Resources Inc. (TSE:SLS) rose 0.6% on Tuesday . The stock traded as high as C$3.44 and last traded at C$3.34. Approximately 311,473 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 217,849 shares. The stock had previously closed at C$3.32.

Analyst Upgrades and Downgrades

SLS has been the subject of several research reports. National Bankshares dropped their target price on Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Eight Capital decreased their price objective on Solaris Resources from C$23.50 to C$15.00 in a research note on Thursday, July 11th. Finally, Canaccord Genuity Group lifted their price objective on Solaris Resources from C$14.50 to C$16.00 in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$13.50.

Solaris Resources Stock Up 8.3 %

The firm has a 50 day moving average price of C$3.21 and a 200-day moving average price of C$3.79. The company has a current ratio of 5.37, a quick ratio of 1.29 and a debt-to-equity ratio of 93.10. The firm has a market cap of C$553.24 million, a PE ratio of -7.58 and a beta of 1.90.

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.