Solitario Resources (NYSEAMERICAN:XPL) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.64 and traded as high as $0.6997. Solitario Resources shares last traded at $0.6968, with a volume of 413,586 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1.20.

Solitario Resources Stock Performance

The stock has a market capitalization of $63.34 million, a PE ratio of -11.61 and a beta of 0.40. The firm has a 50 day moving average of $0.64 and a 200-day moving average of $0.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPL. Mercer Global Advisors Inc. ADV purchased a new stake in Solitario Resources in the 3rd quarter worth approximately $35,000. Citadel Advisors LLC purchased a new position in shares of Solitario Resources during the 3rd quarter valued at $194,000. Finally, Focused Wealth Management Inc increased its stake in shares of Solitario Resources by 21.2% in the second quarter. Focused Wealth Management Inc now owns 570,900 shares of the basic materials company’s stock worth $371,000 after acquiring an additional 100,000 shares during the last quarter. 18.23% of the stock is owned by hedge funds and other institutional investors.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.