Solaris Resources Inc. (NYSEAMERICAN:SLSR – Get Free Report)’s stock price traded up 5.6% during mid-day trading on Friday . The stock traded as high as $9.52 and last traded at $9.38. 114,715 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 130,288 shares. The stock had previously closed at $8.88.
Analyst Ratings Changes
Separately, HC Wainwright lifted their target price on Solaris Resources from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.00.
Get Our Latest Stock Report on SLSR
Solaris Resources Price Performance
Institutional Trading of Solaris Resources
A number of large investors have recently added to or reduced their stakes in SLSR. Helikon Investments Ltd grew its stake in shares of Solaris Resources by 41.6% in the 3rd quarter. Helikon Investments Ltd now owns 6,811,620 shares of the company’s stock worth $43,390,000 after buying an additional 2,000,000 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Solaris Resources in the 3rd quarter valued at about $9,012,000. Anson Funds Management LP purchased a new position in Solaris Resources in the third quarter worth about $956,000. UBS Group AG increased its stake in Solaris Resources by 37.7% during the fourth quarter. UBS Group AG now owns 625,086 shares of the company’s stock worth $4,982,000 after acquiring an additional 171,004 shares during the last quarter. Finally, Cardinal Point Capital Management ULC raised its position in Solaris Resources by 1.9% during the first quarter. Cardinal Point Capital Management ULC now owns 54,500 shares of the company’s stock valued at $470,000 after purchasing an additional 1,000 shares during the period.
About Solaris Resources
Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.
The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.
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