Anson Funds Management LP Buys New Position in Solaris Resources Inc. $SLSR

Anson Funds Management LP bought a new stake in shares of Solaris Resources Inc. (NYSEAMERICAN:SLSR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 149,800 shares of the company’s stock, valued at approximately $956,000.

A number of other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Solaris Resources during the third quarter valued at approximately $38,000. Farther Finance Advisors LLC bought a new position in Solaris Resources during the 3rd quarter valued at $38,000. Raymond James Financial Inc. bought a new position in Solaris Resources during the 2nd quarter valued at $38,000. Jane Street Group LLC acquired a new position in shares of Solaris Resources during the 2nd quarter valued at $97,000. Finally, Spark Investment Management LLC bought a new stake in shares of Solaris Resources in the 3rd quarter worth $172,000.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on Solaris Resources from $13.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Solaris Resources has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Solaris Resources Stock Performance

Shares of NYSEAMERICAN:SLSR opened at $8.45 on Friday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -24.14 and a beta of 0.31. Solaris Resources Inc. has a 1-year low of $2.50 and a 1-year high of $11.43. The company has a 50 day moving average price of $9.49 and a 200 day moving average price of $7.60.

Solaris Resources Company Profile

Solaris Resources (NYSEAMERICAN: SLSR) is a Vancouver-based mineral exploration company dedicated to the discovery, acquisition and advancement of large-scale copper and gold deposits across the Americas. Established in 2017, the company focuses on generating high-potential projects in mining-friendly jurisdictions and applying innovative exploration techniques to de-risk assets at an early stage. Solaris leverages a multidisciplinary technical team to identify and systematically evaluate resource targets with district-scale potential.

The company’s flagship asset is the Warintza copper project in southeastern Ecuador, where Solaris has assembled a strategic land position in the emerging Andean copper belt.