Solitario Resources (NYSEAMERICAN:XPL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Solitario Resources Price Performance

The stock has a market capitalization of $49.88 million, a PE ratio of -10.21 and a beta of 0.89.

Institutional Trading of Solitario Resources

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock worth $406,000 after buying an additional 59,573 shares during the period. National Bank of Canada FI lifted its stake in 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. Millennium Management LLC purchased a new position in Solitario Resources during the 4th quarter valued at about $44,000. Total Wealth Planning & Management Inc. acquired a new position in Solitario Resources in the 4th quarter valued at about $90,000. Finally, Lido Advisors LLC purchased a new stake in Solitario Resources during the fourth quarter worth about $555,000. 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.