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Solaris Resources Inc. (OTCMKTS:SLSSF) Short Interest Up 16.2% in November

Financial News Live ·  Dec 1, 2022 21:01

Solaris Resources Inc. (OTCMKTS:SLSSF – Get Rating) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 836,400 shares, a growth of 16.2% from the October 31st total of 719,700 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 70.3 days.

Solaris Resources Stock Up 1.1 %

Shares of SLSSF stock traded up $0.06 on Thursday, reaching $5.39. The company had a trading volume of 6,187 shares, compared to its average volume of 5,688. Solaris Resources has a one year low of $3.32 and a one year high of $13.41. The business's 50-day moving average is $4.21 and its 200 day moving average is $5.62.

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Analysts Set New Price Targets

SLSSF has been the subject of several recent analyst reports. National Bank Financial cut their price objective on shares of Solaris Resources from C$16.00 to C$14.00 in a research report on Thursday, October 13th. Scotiabank dropped their target price on shares of Solaris Resources from C$19.50 to C$14.50 in a report on Thursday, October 13th.

Solaris Resources Company Profile

(Get Rating)

Solaris Resources Inc engages in acquisition, exploration, and development 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 eight metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.

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