Solitario Resources (NYSEAMERICAN:XPL) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.63. Solitario Resources shares last traded at $0.61, with a volume of 27,950 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $1.20 price objective on shares of Solitario Resources in a report on Friday, February 7th.

Solitario Resources Stock Performance

The firm has a market capitalization of $49.88 million, a price-to-earnings ratio of -10.21 and a beta of 0.89.

Institutional Trading of Solitario Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC bought a new stake in shares of Solitario Resources during the 4th quarter valued at about $555,000. Geode Capital Management LLC lifted its holdings in Solitario Resources by 11.4% in the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 59,573 shares during the last quarter. National Bank of Canada FI boosted its stake in Solitario Resources by 57.1% in the fourth quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock valued at $98,000 after acquiring an additional 60,000 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Solitario Resources during the 4th quarter worth approximately $90,000. Finally, Millennium Management LLC bought a new stake in shares of Solitario Resources in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 18.23% of the company’s stock.

Solitario Resources Company Profile

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.