Solitario Resources (NYSEAMERICAN:XPL) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.68 and traded as low as $0.6050. Solitario Resources shares last traded at $0.6190, with a volume of 188,828 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $1.20 price target on shares of Solitario Resources in a research report on Thursday, August 21st. Zacks Research cut Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Solitario Resources currently has an average rating of “Moderate Buy” and a consensus price target of $1.20.

Solitario Resources Stock Performance

The business’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.68. The firm has a market capitalization of $55.83 million, a PE ratio of -8.84 and a beta of 0.51.

Institutional Investors Weigh In On Solitario Resources

A number of institutional investors have recently modified their holdings of XPL. Citadel Advisors LLC acquired a new position in Solitario Resources during the 3rd quarter worth about $194,000. Focused Wealth Management Inc increased its stake in Solitario Resources by 21.2% during the second quarter. Focused Wealth Management Inc now owns 570,900 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 100,000 shares during the period. National Bank of Canada FI increased its stake in Solitario Resources by 54.5% during the first quarter. National Bank of Canada FI now owns 255,000 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 90,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Solitario Resources during the third quarter worth about $35,000. 18.23% of the stock is owned by institutional investors and hedge funds.

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.