Insider Selling: Solaris Resources Inc. (TSE:SLS) Senior Officer Sells C$75,220.15 in Stock

Solaris Resources Inc. (TSE:SLS) Senior Officer Jacqueline Wagenaar sold 18,718 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$4.02, for a total transaction of C$75,220.15.

Solaris Resources Stock Performance

SLS opened at C$3.95 on Thursday. Solaris Resources Inc. has a 1-year low of C$3.61 and a 1-year high of C$6.62. The company has a debt-to-equity ratio of 228.34, a current ratio of 4.30 and a quick ratio of 1.29. The business has a 50 day moving average price of C$4.73 and a two-hundred day moving average price of C$4.37. The company has a market capitalization of C$595.78 million, a price-to-earnings ratio of -10.68 and a beta of 2.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Solaris Resources from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Tuesday, June 11th. Canaccord Genuity Group boosted their price objective on Solaris Resources from C$13.50 to C$14.50 in a report on Wednesday, April 17th. Finally, TD Securities reduced their target price on Solaris Resources from C$17.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Solaris Resources presently has a consensus rating of “Buy” and an average price target of C$14.80.

About Solaris Resources

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.