Solaris Resources (TSE:SLS) Shares Up 6.9%

Solaris Resources Inc. (TSE:SLS) shares shot up 6.9% during trading on Thursday . The stock traded as high as C$3.43 and last traded at C$3.43. 41,003 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 222,660 shares. The stock had previously closed at C$3.21.

Analyst Ratings Changes

Several research firms recently commented on SLS. Canaccord Genuity Group boosted their price objective on shares of Solaris Resources from C$14.50 to C$16.00 in a research report on Monday, July 22nd. Eight Capital cut their price objective on shares of Solaris Resources from C$23.50 to C$15.00 in a research report on Thursday, July 11th. BMO Capital Markets lowered their price target on shares of Solaris Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 11th. National Bankshares lifted their price target on shares of Solaris Resources from C$8.50 to C$9.00 in a research note on Monday, July 22nd. Finally, TD Securities lowered their price target on shares of Solaris Resources from C$17.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, June 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$13.60.

Solaris Resources Stock Performance

The stock has a market capitalization of C$567.84 million, a P/E ratio of -7.13 and a beta of 1.89. The company has a debt-to-equity ratio of 93.10, a quick ratio of 1.29 and a current ratio of 5.37. The company’s fifty day simple moving average is C$3.20 and its two-hundred day simple moving average is C$4.08.

Insider Buying and Selling at Solaris Resources

In other Solaris Resources news, Senior Officer Jacqueline Wagenaar sold 18,718 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$4.02, for a total value of C$75,220.15. Insiders own 43.49% of the company’s stock.

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.