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

Key Points

• Solitario Resources Corp. shares have fallen below their 50-day moving average of C$1.03, trading as low as C$0.94 before closing at C$0.99.
• The company has a market capitalization of C$89.29 million and a low debt-to-equity ratio of 0.25, indicating solid financial health.
• Solitario focuses on zinc exploration and development, with significant projects in Peru and Alaska in partnership with established companies like Nexa Resources and Teck Resources.

Shares of Solitario Resources Corp. (TSE:SLR - NYSE: XPL passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.03 and traded as low as C$0.94. Solitario Resources shares last traded at C$0.99, with a volume of 152,150 shares changing hands.

Solitario Resources Stock Up 1.0%

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 company has a market capitalization of C$89.29 million, a price-to-earnings ratio of -14.14 and a beta of 0.11. The firm's fifty day simple moving average is C$1.03 and its two-hundred day simple moving average is C$0.93.

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.

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