Solitario Resources (NYSEAMERICAN:XPL) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.61. Solitario Resources shares last traded at $0.60, with a volume of 7,755 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research note on Tuesday, December 10th.

Solitario Resources Trading Up 1.9 %

The firm has a market capitalization of $48.63 million, a PE ratio of -9.95 and a beta of 0.89.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last posted its earnings results on Monday, November 11th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). As a group, analysts anticipate that Solitario Resources Corp. will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Solitario Resources by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 59,573 shares in the last quarter. Focused Wealth Management Inc lifted its stake in Solitario Resources by 19.3% in the third quarter. Focused Wealth Management Inc now owns 370,900 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Solitario Resources by 11.1% during the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock valued at $769,000 after buying an additional 86,854 shares during the last quarter. Institutional investors own 18.23% of the company’s stock.

About Solitario Resources

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.