Solitario Resources (TSE:SLR) Shares Cross Below 200 Day Moving Average – Here’s Why

Solitario Resources Corp. (TSE:SLR) (NYSE:XPL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.06 and traded as low as C$1.05. Solitario Resources shares last traded at C$1.06, with a volume of 11,400 shares traded.

Solitario Resources Stock Down 2.8%

The firm has a market capitalization of C$98.65 million, a P/E ratio of -26.50 and a beta of -0.50. The business has a 50-day moving average price of C$1.18 and a 200-day moving average price of C$1.06.

Solitario Resources (TSE:SLR) (NYSE:XPL) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Solitario Resources Corp. will post -0.05 EPS for the current year.

About Solitario Resources

Solitario Zinc Corp is a zinc focused exploration company engaging in the acquisition, exploration, and development of zinc properties in safe jurisdictions in North and South America. It has joint venture interests in two large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources SA and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.