Solitario Resources (TSE:SLR) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Solitario Resources Corp. shares have crossed above their 50-day moving average of C$0.90, reaching a high of C$1.00 during trading.
• The company has a market capitalization of C$54.41 million and is currently experiencing a trading decline of 5.0%.
• Solitario Resources is focused on the acquisition and exploration of precious metals and base metals, holding interests in key projects across North and South America.

Solitario Resources Corp. (TSE:SLR - Get Free Report) NYSE: XPL's stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.90 and traded as high as C$1.00. Solitario Resources shares last traded at C$0.95, with a volume of 81,000 shares changing hands.

Solitario Resources Price Performance

The company has a current ratio of 10.48, a quick ratio of 10.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of C$54.41 million, a P/E ratio of -12.48 and a beta of 0.91. The stock's fifty day moving average price is C$0.91 and its 200 day moving average price is C$0.92.

About Solitario Resources

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.