Solaris Resources (NYSEAMERICAN:SLSR) Sets New 12-Month High – Here’s What Happened

Solaris Resources Inc. (NYSEAMERICAN:SLSR) reached a new 52-week high during trading on Monday . The company traded as high as $7.50 and last traded at $7.45, with a volume of 51736 shares traded. The stock had previously closed at $6.89.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price on shares of Solaris Resources from $13.00 to $13.50 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Solaris Resources has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Solaris Resources Stock Up 5.2%

The business’s 50 day simple moving average is $6.32 and its 200-day simple moving average is $5.39.

Institutional Investors Weigh In On Solaris Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLSR. Russell Investments Group Ltd. bought a new position in Solaris Resources during the third quarter worth about $38,000. Farther Finance Advisors LLC bought a new stake in shares of Solaris Resources in the 3rd quarter valued at about $38,000. Raymond James Financial Inc. acquired a new stake in shares of Solaris Resources in the 2nd quarter valued at approximately $38,000. National Bank of Canada FI bought a new position in Solaris Resources during the 1st quarter worth approximately $37,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Solaris Resources during the third quarter valued at approximately $123,000.

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.