Solitario Resources (TSE:SLR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Solitario Resources Corp. (TSE:SLR) (NYSE:XPL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.08 and traded as low as C$1.08. Solitario Resources shares last traded at C$1.10, with a volume of 3,000 shares.

Solitario Resources Trading Down 5.2%

The stock has a market cap of C$102.37 million, a price-to-earnings ratio of -27.50 and a beta of -0.50. The company has a 50 day simple moving average of C$1.17 and a 200-day simple moving average of C$1.08.

Solitario Resources (TSE:SLR) (NYSE:XPL) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.01) earnings per share for the quarter. Equities analysts forecast that Solitario Resources Corp. will post -0.05 earnings per share for the current fiscal year.

About Solitario Resources

Solitario Zinc Corp is a zinc focused exploration company engaging in the acquisition, exploration, and development of zinc properties in safe jurisdictions in North and South America. It has joint venture interests in two large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources SA and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.