Shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR – Get Free Report) rose 8.1% during mid-day trading on Friday . The company traded as high as $8.81 and last traded at $8.80. 29,444 shares traded hands during trading, a decline of 81% from the average daily volume of 153,468 shares. The stock had previously closed at $8.14.
Solaris Resources Price Performance
The firm has a market cap of $1.45 billion, a PE ratio of -48.28 and a beta of 1.29. The business has a 50-day moving average price of $8.10 and a two-hundred day moving average price of $9.08.
Institutional Trading of Solaris Resources
A number of hedge funds have recently added to or reduced their stakes in SLSR. Barclays PLC purchased a new stake in Solaris Resources during the fourth quarter valued at about $36,000. Russell Investments Group Ltd. acquired a new position in shares of Solaris Resources in the 3rd quarter valued at about $38,000. Raymond James Financial Inc. purchased a new stake in shares of Solaris Resources during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC raised its holdings in Solaris Resources by 50.0% in the fourth quarter. Farther Finance Advisors LLC now owns 9,000 shares of the company’s stock valued at $72,000 after buying an additional 3,000 shares during the period. Finally, Themes Management Co LLC purchased a new stake in Solaris Resources during the fourth quarter worth approximately $92,000.
Solaris Resources Company Profile
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.
See Also
- Five stocks we like better than Solaris Resources
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
- Meta Platform’s Legal Issues Could Become Much More Than A Q2 Earnings Headache
Receive News & Ratings for Solaris Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaris Resources and related companies with MarketBeat.com's FREE daily email newsletter.
