Solaris Resources (TSE:SLS) Stock Price Down 3.2% – Here’s What Happened

Solaris Resources Inc. (TSE:SLS)’s stock price traded down 3.2% during mid-day trading on Thursday . The stock traded as low as C$10.02 and last traded at C$10.17. 543,833 shares changed hands during trading, an increase of 21% from the average daily volume of 449,162 shares. The stock had previously closed at C$10.51.

Solaris Resources Price Performance

The stock has a 50-day simple moving average of C$12.73 and a 200 day simple moving average of C$12.79. The stock has a market capitalization of C$1.66 billion, a P/E ratio of -52.32 and a beta of 1.78. The company has a debt-to-equity ratio of -0.74, a quick ratio of 1.29 and a current ratio of 3.28.

Solaris Resources (TSE:SLS) last released its earnings results on Wednesday, May 13th. The company reported C$0.04 earnings per share for the quarter. On average, equities analysts forecast that Solaris Resources Inc. will post -0.31 earnings per share for the current fiscal year.

About Solaris Resources

Solaris Resources is a copper-gold exploration and development company advancing a portfolio of high-quality assets across the Americas. Its flagship asset is the 100%-owned Warintza Project in southeast Ecuador, a Tier 1 copper porphyry deposit with over 1.3 billion tonnes of Mineral Reserves and outstanding economics driven by high-grade, near-surface mineralization and a world-class strip-adjusted grade. Warintza stands out for its scale, simplicity, and strong community partnerships built through formal agreements and inclusive engagement.