Insider Buying: Solitario Resources Corp. (NYSEAMERICAN:XPL) CEO Acquires 41,667 Shares of Stock

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) CEO Christopher E. Herald bought 41,667 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average cost of $0.60 per share, with a total value of $25,000.20. Following the transaction, the chief executive officer now directly owns 2,333,667 shares in the company, valued at approximately $1,400,200.20. This represents a 1.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Solitario Resources Stock Performance

Solitario Resources stock traded down $0.02 during trading hours on Wednesday, hitting $0.61. The stock had a trading volume of 23,214 shares, compared to its average volume of 79,444. Solitario Resources Corp. has a 12-month low of $0.55 and a 12-month high of $0.98. The stock has a market capitalization of $49.65 million, a PE ratio of -10.16 and a beta of 0.89.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $1.20 price target on shares of Solitario Resources in a research note on Friday, February 7th.

Institutional Trading of Solitario Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of Solitario Resources in the fourth quarter worth approximately $44,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Solitario Resources in the 4th quarter worth $90,000. National Bank of Canada FI raised its holdings in Solitario Resources by 57.1% in the 4th quarter. National Bank of Canada FI now owns 165,000 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 60,000 shares during the period. Geode Capital Management LLC lifted its position in Solitario Resources by 11.4% during the third quarter. Geode Capital Management LLC now owns 579,870 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 59,573 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in Solitario Resources during the 4th quarter worth approximately $555,000. 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.