Solaris Resources (TSE:SLS) Trading Down 4% – Should You Sell?

Solaris Resources Inc. (TSE:SLS) fell 4% during mid-day trading on Friday . The company traded as low as C$4.53 and last traded at C$4.53. 130,808 shares traded hands during trading, a decline of 38% from the average session volume of 209,885 shares. The stock had previously closed at C$4.72.

Wall Street Analyst Weigh In

Separately, National Bankshares decreased their price target on shares of Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th.

Solaris Resources Stock Down 4.0 %

The company has a current ratio of 5.37, a quick ratio of 1.29 and a debt-to-equity ratio of 93.10. The stock has a market cap of C$734.95 million, a P/E ratio of -10.07 and a beta of 1.90. The firm has a 50-day simple moving average of C$4.23 and a two-hundred day simple moving average of C$3.64.

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.