Solaris Resources (TSE:SLS) Trading Down 4% – Should You Sell?

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

Analysts Set New Price Targets

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

Solaris Resources Stock Performance

The company has a debt-to-equity ratio of 93.10, a current ratio of 5.37 and a quick ratio of 1.29. The stock has a market cap of C$734.95 million, a P/E ratio of -10.07 and a beta of 1.90. The stock has a 50-day simple moving average of C$4.23 and a 200-day simple moving average of C$3.64.

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.