Solaris Resources (TSE:SLS) Trading Down 4% – Time to Sell?

Solaris Resources Inc. (TSE:SLS) was down 4% on Friday . The company traded as low as C$4.53 and last traded at C$4.53. Approximately 130,808 shares traded hands during trading, a decline of 38% from the average daily volume of 209,885 shares. The stock had previously closed at C$4.72.

Wall Street Analyst Weigh In

Separately, National Bankshares lowered their target price on shares of Solaris Resources from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, October 15th.

Solaris Resources Stock Performance

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 stock has a market capitalization of C$734.95 million, a PE ratio of -10.07 and a beta of 1.90. The firm’s 50 day moving average is C$4.21 and its two-hundred day moving average is C$3.64.

About Solaris Resources

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.