Solaris Resources (TSE:SLS) Sets New 12-Month High - Still a Buy?

Solaris Resources Inc. (TSE:SLS - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$6.34 and last traded at C$6.21, with a volume of 301699 shares. The stock had previously closed at C$6.19.

Analysts Set New Price Targets

Separately, National Bankshares increased their target price on Solaris Resources from C$10.00 to C$10.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.

Solaris Resources Trading Down 2.3 %

The company has a market capitalization of C$689.43 million, a P/E ratio of -10.47 and a beta of 1.90. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29. The business's 50-day moving average price is C$4.86 and its two-hundred day moving average price is C$4.57.

Solaris Resources Company Profile

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.