Solaris Resources (TSE:SLS) Given New C$10.50 Price Target at National Bankshares

Solaris Resources (TSE:SLS) had its price target boosted by equities researchers at National Bankshares from C$10.00 to C$10.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 118.75% from the stock’s previous close.

Solaris Resources Stock Up 5.5 %

TSE:SLS traded up C$0.25 on Wednesday, hitting C$4.80. 244,807 shares of the company’s stock were exchanged, compared to its average volume of 270,249. The firm has a 50-day moving average price of C$5.01 and a 200-day moving average price of C$4.30. Solaris Resources has a 52 week low of C$2.58 and a 52 week high of C$5.90. The company has a debt-to-equity ratio of 712.38, a current ratio of 4.62 and a quick ratio of 1.29. The company has a market cap of C$550.63 million, a P/E ratio of -8.36 and a beta of 1.90.

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.