Solitario Resources (TSE:SLR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Solitario Resources Corp. (TSE:SLR) (NYSE:XPL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.08 and traded as low as C$1.08. Solitario Resources shares last traded at C$1.10, with a volume of 3,000 shares traded.

Solitario Resources Stock Down 5.2%

The firm has a market cap of C$102.37 million, a price-to-earnings ratio of -27.50 and a beta of -0.50. The company’s fifty day moving average is C$1.17 and its 200 day moving average is C$1.08.

Solitario Resources (TSE:SLR) (NYSE:XPL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities research analysts forecast that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

Solitario Resources Company Profile

Solitario Zinc Corp is a zinc focused exploration company engaging in the acquisition, exploration, and development of zinc properties in safe jurisdictions in North and South America. It has joint venture interests in two large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources SA and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.