Solitario Resources (XPL) Projected to Post Quarterly Earnings on Friday

Solitario Resources (NYSEAMERICAN:XPL - Get Free Report) TSE: SLR is expected to post its quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect Solitario Resources to post earnings of ($0.01) per share for the quarter.

Solitario Resources Stock Performance

Shares of XPL stock traded down $0.02 during midday trading on Monday, hitting $0.61. The company had a trading volume of 27,978 shares, compared to its average volume of 66,981. The firm has a market capitalization of $49.76 million, a PE ratio of -10.18 and a beta of 0.89. Solitario Resources has a 52-week low of $0.54 and a 52-week high of $0.98. The stock has a 50 day simple moving average of $0.64.

Insiders Place Their Bets

In other news, CEO Christopher E. Herald acquired 41,667 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average price of $0.60 per share, with a total value of $25,000.20. Following the purchase, the chief executive officer now owns 2,333,667 shares of the company's stock, valued at approximately $1,400,200.20. This trade represents a 1.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and set a $1.20 target price on shares of Solitario Resources in a research report on Friday, February 7th.

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.