Solaris Resources (TSE:SLS) Stock Price Up 9.7% - Time to Buy?

Solaris Resources Inc. (TSE:SLS - Get Free Report) rose 9.7% during trading on Wednesday . The company traded as high as C$5.56 and last traded at C$5.44. Approximately 569,372 shares were traded during trading, an increase of 97% from the average daily volume of 288,354 shares. The stock had previously closed at C$4.96.

Wall Street Analyst Weigh In

Separately, National Bankshares upped their price objective on shares of Solaris Resources from C$10.00 to C$10.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.

Solaris Resources Stock Performance

The stock's 50-day moving average is C$4.80 and its 200-day moving average is C$4.51. The stock has a market cap of C$712.37 million, a price-to-earnings ratio of -10.82 and a beta of 1.90. The company has a current ratio of 4.62, a quick ratio of 1.29 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.