Solaris Resources (TSE:SLS) Shares Down 6%

Solaris Resources Inc. (TSE:SLS) was down 6% on Wednesday . The company traded as low as C$5.15 and last traded at C$5.16. Approximately 200,194 shares traded hands during trading, an increase of 17% from the average daily volume of 171,642 shares. The stock had previously closed at C$5.49.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLS. BMO Capital Markets cut their price target on shares of Solaris Resources from C$17.00 to C$15.00 in a research report on Friday, January 12th. TD Securities decreased their target price on Solaris Resources from C$20.00 to C$17.00 and set a “speculative buy” rating for the company in a research note on Tuesday, March 5th. Finally, Canaccord Genuity Group increased their price target on Solaris Resources from C$13.50 to C$14.50 in a report on Wednesday, April 17th.

Solaris Resources Trading Down 6.0 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.81. The business has a 50 day moving average of C$4.64 and a two-hundred day moving average of C$4.51. The firm has a market capitalization of C$911.41 million, a price-to-earnings ratio of -11.22 and a beta of 2.00.

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.