Solitario Resources (TSE:SLR) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Solitario Resources Corp. shares crossed above their fifty-day moving average of C$0.99, reaching a high of C$1.12 during trading.
• The company's market capitalization is C$97.41 million, with a price-to-earnings ratio of -15.43 and low debt-to-equity ratio of 0.25.
• Solitario is primarily focused on zinc exploration with joint ventures in two significant projects located in Peru and Alaska.

Solitario Resources Corp. (TSE:SLR - Get Free Report) NYSE: XPL passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.99 and traded as high as C$1.12. Solitario Resources shares last traded at C$1.08, with a volume of 104,632 shares trading hands.

Solitario Resources Stock Up 4.0%

The business has a 50-day simple moving average of C$1.01 and a two-hundred day simple moving average of C$0.93. The company has a market cap of C$92.90 million, a price-to-earnings ratio of -14.71 and a beta of 0.37. The company has a quick ratio of 10.01, a current ratio of 10.48 and a debt-to-equity ratio of 0.25.

About Solitario Resources

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.