Solaris Resources (TSE:SLS) Stock Price Up 9.7% – What’s Next?

Shares of Solaris Resources Inc. (TSE:SLS) were up 9.7% on Wednesday . The company traded as high as C$5.56 and last traded at C$5.44. Approximately 569,372 shares changed hands during trading, an increase of 97% from the average daily volume of 288,354 shares. The stock had previously closed at C$4.96.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on shares of Solaris Resources from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd.

Solaris Resources Stock Up 9.7 %

The stock has a market capitalization of C$624.05 million, a PE ratio of -9.48 and a beta of 1.90. The business’s fifty day moving average price is C$4.76 and its two-hundred day moving average price is C$4.42. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29.

About Solaris Resources

Solaris Resources Inc is advancing a portfolio of copper and gold assets in the Americas, which includes a high-grade resource with expansion and additional discovery potential at the Warintza copper and gold project in Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco projects in Peru; exposure to $130M spending 5-yrs through a farm-out agreement with Freeport-McMoRan on the Ricardo Project in Chile; and leverage to increasing copper prices through the 60% interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.