Solitario Resources (TSE:SLR) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Solitario Resources Corp. shares have surpassed their fifty-day moving average for the first time, trading at C$1.07 compared to the average of C$0.97.
• The company's market capitalization is C$96.51 million, with a PE ratio of -15.29, indicating current losses as the company continues to explore and develop zinc properties.
• Solitario Resources focuses on zinc exploration and development, holding significant projects in Peru and Alaska through partnerships with Nexa Resources and Teck Resources.

Solitario Resources Corp. (TSE:SLR - Get Free Report) NYSE: XPL's share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.97 and traded as high as C$1.07. Solitario Resources shares last traded at C$1.07, with a volume of 52,800 shares changing hands.

Solitario Resources Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 10.01 and a current ratio of 10.48. The stock's 50-day simple moving average is C$0.98 and its 200-day simple moving average is C$0.93. The firm has a market capitalization of C$103.72 million, a PE ratio of -16.43 and a beta of 0.37.

Solitario Resources Company Profile

Solitario Zinc Corp is a zinc focused exploration company engaging in the acquisition, exploration, and development of zinc properties in safe jurisdictions in North and South America. It has joint venture interests in two large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources SA and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources.