Solaris Resources (TSE:SLS) Stock Price Up 1.7% – Still a Buy?

Solaris Resources Inc. (TSE:SLS) shares rose 1.7% during trading on Thursday . The stock traded as high as C$4.31 and last traded at C$4.28. Approximately 271,997 shares were traded during trading, an increase of 15% from the average daily volume of 235,521 shares. The stock had previously closed at C$4.21.

Analysts Set New Price Targets

Separately, National Bankshares reduced their price objective on Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, October 15th.

Solaris Resources Trading Up 1.7 %

The business has a fifty day simple moving average of C$3.76 and a 200 day simple moving average of C$3.61. The stock has a market cap of C$694.39 million, a price-to-earnings ratio of -9.51 and a beta of 1.90. The company has a debt-to-equity ratio of 93.10, a quick ratio of 1.29 and a current ratio of 5.37.

Solaris Resources Company Profile

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.