Solitario Resources (TSE:SLR) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Solitario Resources Corp. (TSE:SLR) (NYSE:XPL)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.11 and traded as low as C$1.02. Solitario Resources shares last traded at C$1.05, with a volume of 15,106 shares changing hands.

Solitario Resources Price Performance

The company has a market cap of C$97.72 million, a PE ratio of -26.25 and a beta of -0.45. The stock has a fifty day moving average price of C$1.08 and a 200-day moving average price of C$1.11.

Solitario Resources (TSE:SLR) (NYSE:XPL) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share for the quarter. On average, equities analysts anticipate that Solitario Resources Corp. will post -0.05 earnings per share for the current year.

Solitario Resources Company Profile

Solitario is a natural resource exploration company focused on high-quality Tier-1 gold, copper, zinc and critical metals (molybdenum and rhenium) projects. Solitario’s 100%-owned Golden Crest properties in South Dakota constitute strategic land holdings (31,500 acres) along the western and southwestern extensions of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold. In addition to its Golden Crest and Cat Creek projects, Solitario holds a 100% interest in the Bright Angel copper-gold project in Colorado.