Solaris Resources (TSE:SLS) Hits New 12-Month High - Here's What Happened

Solaris Resources Inc. (TSE:SLS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.58 and last traded at C$6.46, with a volume of 107040 shares. The stock had previously closed at C$6.24.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$12.50 price objective on Solaris Resources and gave the company an "outperform" rating in a report on Tuesday, June 24th.

Solaris Resources Stock Up 8.8%

The firm has a market cap of C$811.03 million, a P/E ratio of -12.32 and a beta of 1.90. The firm's 50 day moving average is C$6.01 and its two-hundred day moving average is C$5.23. The company has a current ratio of 4.62, a quick ratio of 1.29 and a debt-to-equity ratio of 712.38.

About Solaris Resources

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.