National Bankshares Boosts Solaris Resources (TSE:SLS) Price Target to C$10.50

Solaris Resources (TSE:SLS) had its price target increased by investment analysts at National Bankshares from C$10.00 to C$10.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 118.75% from the stock’s current price.

Solaris Resources Stock Up 5.5 %

SLS traded up C$0.25 during trading on Wednesday, reaching C$4.80. The company had a trading volume of 244,807 shares, compared to its average volume of 270,249. The company has a market cap of C$550.63 million, a P/E ratio of -8.36 and a beta of 1.90. Solaris Resources has a 12 month low of C$2.58 and a 12 month 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 business’s fifty day moving average price is C$5.01 and its 200 day moving average price is C$4.30.

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.