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

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

Wall Street Analysts Forecast Growth

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

Solaris Resources Trading Up 3.9%

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 firm has a market capitalization of C$897.06 million, a PE ratio of -13.62 and a beta of 1.90. The company's fifty day simple moving average is C$6.10 and its 200-day simple moving average is C$5.30.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.