Solitario Resources (NYSEAMERICAN:XPL) Stock Passes Above 50-Day Moving Average - Here's Why

Solitario Resources Corp. (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR's stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.63 and traded as high as $0.67. Solitario Resources shares last traded at $0.64, with a volume of 26,486 shares.

Solitario Resources Trading Up 0.2%

The firm has a fifty day moving average of $0.63. The company has a market capitalization of $53.00 million, a P/E ratio of -9.16 and a beta of 0.46.

Institutional Trading of Solitario Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of XPL. Lido Advisors LLC purchased a new position in shares of Solitario Resources during the fourth quarter worth about $555,000. Total Wealth Planning & Management Inc. purchased a new position in Solitario Resources in the 4th quarter worth approximately $90,000. Focused Wealth Management Inc increased its holdings in shares of Solitario Resources by 27.0% in the 1st quarter. Focused Wealth Management Inc now owns 470,900 shares of the basic materials company's stock worth $283,000 after buying an additional 100,000 shares during the last quarter. National Bank of Canada FI raised its position in shares of Solitario Resources by 54.5% during the 1st quarter. National Bank of Canada FI now owns 255,000 shares of the basic materials company's stock valued at $153,000 after buying an additional 90,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Solitario Resources during the 4th quarter valued at $44,000. Institutional investors own 18.23% of the company's stock.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.