Solaris Resources (NYSEAMERICAN:SLSR) Sets New 1-Year High – Here’s What Happened

Solaris Resources Inc. (NYSEAMERICAN:SLSR) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.50 and last traded at $6.95, with a volume of 75661 shares traded. The stock had previously closed at $7.17.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on Solaris Resources from $13.00 to $13.50 and gave the company a “buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Trading Down 1.7%

The business’s fifty day moving average is $5.92 and its 200 day moving average is $5.19. The company has a market cap of $1.13 billion, a P/E ratio of -45.56 and a beta of 0.61.

Institutional Investors Weigh In On Solaris Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of SLSR. National Bank of Canada FI purchased a new position in Solaris Resources in the 1st quarter worth approximately $37,000. Farther Finance Advisors LLC purchased a new position in shares of Solaris Resources in the third quarter worth $38,000. Raymond James Financial Inc. bought a new position in shares of Solaris Resources during the second quarter valued at about $38,000. Jane Street Group LLC bought a new position in Solaris Resources during the 2nd quarter valued at approximately $97,000. Finally, Tidal Investments LLC lifted its stake in Solaris Resources by 5.4% in the second quarter. Tidal Investments LLC now owns 50,200 shares of the company’s stock worth $230,000 after acquiring an additional 2,586 shares during the period.

About Solaris Resources

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.