Lido Advisors LLC Invests $555,000 in Solitario Resources Corp. (NYSEAMERICAN:XPL)

Lido Advisors LLC purchased a new position in shares of Solitario Resources Corp. (NYSEAMERICAN:XPL - Free Report) TSE: SLR in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 934,319 shares of the basic materials company's stock, valued at approximately $555,000. Lido Advisors LLC owned 1.15% of Solitario Resources as of its most recent filing with the Securities & Exchange Commission.

Separately, Geode Capital Management LLC raised its position in Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company's stock valued at $406,000 after purchasing an additional 59,573 shares during the last quarter. Hedge funds and other institutional investors own 18.23% of the company's stock.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and issued a $1.20 target price on shares of Solitario Resources in a report on Friday, February 7th.

Insider Buying and Selling

In other Solitario Resources news, CEO Christopher E. Herald purchased 41,667 shares of the stock in a transaction on Tuesday, April 1st. The stock was acquired at an average price of $0.60 per share, with a total value of $25,000.20. Following the transaction, the chief executive officer now directly owns 2,333,667 shares of the company's stock, valued at approximately $1,400,200.20. This trade represents a 1.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.10% of the stock is owned by company insiders.

Solitario Resources Stock Performance

XPL traded up $0.01 during trading hours on Friday, hitting $0.62. The stock had a trading volume of 94,943 shares, compared to its average volume of 67,571. The stock has a market capitalization of $50.43 million, a PE ratio of -10.32 and a beta of 0.89. Solitario Resources Corp. has a 1 year low of $0.54 and a 1 year high of $0.98. The firm's fifty day simple moving average is $0.63.

Solitario Resources Profile

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.