Solitario Resources (NYSEAMERICAN:XPL) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.67. Solitario Resources shares last traded at $0.64, with a volume of 41,844 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research report on Tuesday, December 10th.

Solitario Resources Price Performance

The stock has a market cap of $51.71 million, a PE ratio of -10.58 and a beta of 0.89.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last posted its quarterly earnings data on Monday, November 11th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, research analysts predict that Solitario Resources Corp. will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Solitario Resources

Several hedge funds have recently made changes to their positions in the company. U S Global Investors Inc. purchased a new stake in Solitario Resources in the second quarter valued at approximately $266,000. Focused Wealth Management Inc boosted its holdings in shares of Solitario Resources by 76.7% in the 2nd quarter. Focused Wealth Management Inc now owns 310,900 shares of the basic materials company’s stock valued at $275,000 after acquiring an additional 135,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Solitario Resources by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock valued at $769,000 after acquiring an additional 86,854 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 59,573 shares during the period. 18.23% of the stock is owned by institutional investors and hedge funds.

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.