Solaris Resources (NYSEAMERICAN:SLSR) Trading Down 7.8% – Here’s What Happened

Solaris Resources Inc. (NYSEAMERICAN:SLSR) shares dropped 7.8% during mid-day trading on Thursday . The stock traded as low as $7.74 and last traded at $7.8160. 46,506 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 154,794 shares. The stock had previously closed at $8.48.

Solaris Resources Price Performance

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -44.36 and a beta of 1.33. The firm has a 50-day moving average price of $8.02 and a two-hundred day moving average price of $8.96.

Hedge Funds Weigh In On Solaris Resources

A number of large investors have recently bought and sold shares of the company. Barclays PLC acquired a new stake in shares of Solaris Resources in the fourth quarter valued at approximately $36,000. Russell Investments Group Ltd. acquired a new position in Solaris Resources during the third quarter worth $38,000. Raymond James Financial Inc. bought a new position in Solaris Resources in the second quarter valued at $38,000. Themes Management Co LLC bought a new position in Solaris Resources in the fourth quarter valued at $92,000. Finally, NewEdge Advisors LLC acquired a new stake in Solaris Resources in the 1st quarter valued at $100,000.

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.