Solitario Resources (NYSEAMERICAN:XPL) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.61. Solitario Resources shares last traded at $0.60, with a volume of 7,755 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $1.20 target price on shares of Solitario Resources in a research report on Tuesday, December 10th.

Solitario Resources Stock Performance

The company has a market capitalization of $47.40 million, a price-to-earnings ratio of -9.70 and a beta of 0.89.

Solitario Resources (NYSEAMERICAN:XPL) (TSE:SLR) last issued its earnings results on Monday, November 11th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, analysts predict that Solitario Resources Corp. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Solitario Resources

A number of hedge funds have recently made changes to their positions in the business. Focused Wealth Management Inc raised its holdings in shares of Solitario Resources by 76.7% during the 2nd quarter. Focused Wealth Management Inc now owns 310,900 shares of the basic materials company’s stock valued at $275,000 after buying an additional 135,000 shares during the period. Geode Capital Management LLC grew its position in Solitario Resources by 11.4% in the third 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position in Solitario Resources by 11.1% in the second quarter. Renaissance Technologies LLC now owns 868,872 shares of the basic materials company’s stock valued at $769,000 after acquiring an additional 86,854 shares in the last quarter. Hedge funds and other institutional investors own 18.23% of the company’s stock.

About Solitario Resources

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.