Solaris Resources (TSE:SLS) Sets New 52-Week High - What's Next?

Solaris Resources Inc. (TSE:SLS - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$7.85 and last traded at C$7.82, with a volume of 494173 shares trading hands. The stock had previously closed at C$7.53.

Analyst Ratings Changes

Separately, National Bankshares set a C$12.50 target price on shares of Solaris Resources and gave the company an "outperform" rating in a research note on Tuesday, June 24th.

Solaris Resources Stock Down 1.2%

The business has a 50-day simple moving average of C$6.21 and a two-hundred day simple moving average of C$5.37. The stock has a market capitalization of C$858.06 million, a P/E ratio of -13.03 and a beta of 1.90. The company has a quick ratio of 1.29, a current ratio of 4.62 and a debt-to-equity ratio of 712.38.

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.