Solitario Resources (NYSEAMERICAN:XPL) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.66 and traded as high as $0.86. Solitario Resources shares last traded at $0.75, with a volume of 1,596,498 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1.20.

Solitario Resources Trading Up 0.3%

The firm has a market cap of $68.18 million, a PE ratio of -12.50 and a beta of 0.40. The firm has a 50 day moving average price of $0.66 and a 200-day moving average price of $0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Solitario Resources stock. Citadel Advisors LLC acquired a new stake in Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 277,453 shares of the basic materials company’s stock, valued at approximately $194,000. Citadel Advisors LLC owned approximately 0.31% of Solitario Resources at the end of the most recent quarter. Institutional investors and hedge funds own 18.23% of the company’s stock.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.