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

Solitario Resources Corp. (TSE:SLR) (NYSE:XPL)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.11 and traded as low as C$1.02. Solitario Resources shares last traded at C$1.02, with a volume of 10,127 shares changing hands.

Solitario Resources Stock Performance

The company has a market cap of C$94.93 million, a P/E ratio of -25.50 and a beta of -0.47. The stock has a 50-day simple moving average of C$1.09 and a 200 day simple moving average of C$1.11.

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

About Solitario Resources

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.