Solaris Resources (TSE:SLS) Sets New 52-Week High - Still a Buy?

Solaris Resources Inc. (TSE:SLS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$6.46 and last traded at C$6.28, with a volume of 83856 shares trading hands. The stock had previously closed at C$6.21.

Analyst Ratings Changes

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 report on Wednesday, April 2nd.

Solaris Resources Trading Down 2.2%

The company has a 50 day moving average of C$5.38 and a 200 day moving average of C$5.02. The company has a debt-to-equity ratio of 712.38, a quick ratio of 1.29 and a current ratio of 4.62. The stock has a market capitalization of C$699.76 million, a price-to-earnings ratio of -10.63 and a beta of 1.90.

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.