Solaris Resources (NYSEAMERICAN:SLSR) Shares Gap Down – Time to Sell?

Solaris Resources Inc. (NYSEAMERICAN:SLSR) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.02, but opened at $8.58. Solaris Resources shares last traded at $9.1410, with a volume of 27,935 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price target on Solaris Resources from $13.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.00.

Solaris Resources Trading Up 3.1%

The business has a 50 day moving average of $9.31 and a 200-day moving average of $8.00. The stock has a market cap of $1.55 billion, a PE ratio of -37.20 and a beta of 1.03.

Institutional Trading of Solaris Resources

Several large investors have recently added to or reduced their stakes in SLSR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Solaris Resources in the 3rd quarter valued at $15,017,000. Helikon Investments Ltd increased its stake in shares of Solaris Resources by 32.5% in the fourth quarter. Helikon Investments Ltd now owns 9,022,072 shares of the company’s stock worth $71,906,000 after buying an additional 2,210,452 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Solaris Resources in the 3rd quarter valued at about $9,012,000. Bank of America Corp DE grew its stake in Solaris Resources by 316.3% in the third quarter. Bank of America Corp DE now owns 1,078,837 shares of the company’s stock worth $6,872,000 after purchasing an additional 819,692 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Solaris Resources by 3,213.0% in the third quarter. Two Sigma Investments LP now owns 600,114 shares of the company’s stock worth $3,823,000 after purchasing an additional 582,000 shares in the last quarter.

About Solaris Resources

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.