Solaris Resources (TSE:SLS) Hits New 12-Month High – Here’s What Happened

Shares of Solaris Resources Inc. (TSE:SLS) reached a new 52-week high during trading on Wednesday . The company traded as high as C$5.71 and last traded at C$5.71, with a volume of 11341 shares. The stock had previously closed at C$5.58.

Analyst Ratings Changes

Separately, National Bankshares dropped 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 report on Tuesday, October 15th.

Solaris Resources Stock Up 1.3 %

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 firm’s 50-day moving average is C$4.77 and its 200 day moving average is C$3.83. The firm has a market capitalization of C$916.66 million, a PE ratio of -12.56 and a beta of 1.90.

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.