Solaris Resources Inc. (TSE:SLS - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.02 and last traded at C$8.84, with a volume of 577878 shares trading hands. The stock had previously closed at C$8.39.
Wall Street Analyst Weigh In
Separately, National Bankshares boosted their price objective on Solaris Resources from C$12.50 to C$13.50 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$13.50.
Read Our Latest Report on SLS
Solaris Resources Trading Up 5.4%
The firm has a market capitalization of C$1.47 billion, a P/E ratio of -21.56 and a beta of 1.82. The company has a quick ratio of 1.29, a current ratio of 4.62 and a debt-to-equity ratio of 712.38. The business has a 50-day moving average price of C$7.34 and a 200-day moving average price of C$6.31.
About Solaris Resources
(
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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.
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