Solitario Resources (NYSEAMERICAN:XPL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.63. Solitario Resources shares last traded at $0.61, with a volume of 27,950 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.20 target price on shares of Solitario Resources in a report on Friday, February 7th.

Solitario Resources Trading Down 2.0 %

The company has a market capitalization of $49.88 million, a price-to-earnings ratio of -10.21 and a beta of 0.89.

Hedge Funds Weigh In On Solitario Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in Solitario Resources in the fourth quarter valued at $555,000. Geode Capital Management LLC increased its holdings in shares of Solitario Resources by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 59,573 shares during the last quarter. National Bank of Canada FI raised its position in shares of Solitario Resources by 57.1% during the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 60,000 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in Solitario Resources during the fourth quarter worth approximately $90,000. Finally, Millennium Management LLC acquired a new position in Solitario Resources in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 18.23% of the company’s stock.

Solitario Resources Company Profile

Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. The company holds 50% interest in the Lik zinc-lead-silver property located in Northwest Alaska; 39% interest in the Florida Canyon zinc project located in northern Peru; and 85% interest in the Chambara exploration project located in Peru.