Solaris Resources (TSE:SLS) Shares Down 1.3% – Here’s What Happened

Solaris Resources Inc. (TSE:SLS) shares dropped 1.3% on Thursday . The company traded as low as C$10.96 and last traded at C$11.06. 220,346 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 432,991 shares. The stock had previously closed at C$11.21.

Solaris Resources Stock Down 1.3%

The stock’s 50-day moving average price is C$11.85 and its two-hundred day moving average price is C$12.74. The stock has a market capitalization of C$1.85 billion, a P/E ratio of -58.21 and a beta of 1.75. The company has a current ratio of 3.28, a quick ratio of 1.29 and a debt-to-equity ratio of -0.74.

Solaris Resources (TSE:SLS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C($0.03) EPS for the quarter. As a group, research analysts expect that Solaris Resources Inc. will post -0.31 earnings per share for the current fiscal year.

Solaris Resources Company Profile

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.