How to Buy Solaris Resources Stock
Solaris Resources Inc
Solaris Resources is a precious metal company located in Canada (Federal Level), which is part of the Basic Materials sector, and is traded under the ticker SLSR on the NYSEMKT exchange.
Solaris Resources stock last closed at $5.35, down 0.19% from the previous day, and has increased 136.73% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 0.8 percentage points. Solaris Resources stock is currently +146.54% from its 52-week low of $2.17, and -9.01% from its 52-week high of $5.88.
There are currently 165.76M shares of SLSR outstanding. The market value of SLSR is $886.81M. In the past 24 hours, 16,400 SLSR shares were traded.
How to Buy Solaris Resources Stock
Wondering how to invest in Solaris Resources stock? Here's how.
- Figure out where to buy Solaris Resources stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Solaris Resources stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Evaluate Solaris Resources stock: The Solaris Resources ticker symbol is SLSR. Is Solaris Resources stock a good investment? Should you buy shares of SLSR? How do SLSR's underlying business fundamentals look? Do top analysts think Solaris Resources is a good buy? Why has SLSR's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if SLSR is a good stock to buy).
- Execute your SLSR buy order: Decide if you will purchase SLSR shares at the current market price or use a limit order to buy SLSR stock at a given price.
- Get notifications regarding your investment in SLSR: Create a watchlist to get live updates on your investment in Solaris Resources stock.
Step 1: Figure out where to buy Solaris Resources stock
You need an online brokerage account in order to access the NYSEMKT market and buy SLSR stock.
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you can buy SLSR today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on investing apps, your next step is to transfer the money for your investment:
Check out the video below if you need help transferring money into your investment account.
Step 4: Evaluate Solaris Resources stock
After you have identified the best place to buy Solaris Resources stock, it's crucial to research their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Solaris Resources shares data
Solaris Resources Fundamentals
WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SLSR's stock page.
Is SLSR stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge SLSR's fair value.
Using relative valuations measures:
- SLSR may be overvalued based on its P/E ratio of 13.05x, relative to Other Precious Metals & Mining industry P/E ratio of 9.71x
- SLSR may be undervalued based on its PEG ratio of 0.74x
You can access more valuation analysis on SLSR's stock here.
A look at SLSR Cashflows and Balance Sheet
Pros:
- There are more short-term assets than short-term liabilities on the SLSR balance sheet.
- SLSR's operating cash flow of $31.45M allows it to safely service it's debt of $493.00k.
Cons:
- SLSR debt to equity ratio of -2.79 is negative.
- SLSR earnings of -$60.78M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the SLSR balance sheet.
- Total SLSR debt is still negative.
Is Solaris Resources stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Wall Street analysts who give ratings on SLSR, the consensus analyst rating on SLSR is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Solaris Resources stock forecast page.
SLSR Technicals
SLSR Growth Numbers
Last year, SLSR earnings were -$66.56M. In the past 1 years, SLSR's earnings have gone up by 24.24% per year. This was slower than the Other Precious Metals & Mining industry average of 31.1%.
You can analyze SLSR's earnings and revenue performance here.
Who is buying/selling SLSR?
In the past year, insiders at SLSR have not bought or sold any shares.
Get more info about who owns SLSR stock here.
Does SLSR provide a stable income stream?
No, Solaris Resources doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your SLSR buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and eToro will execute the order.
If you require additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in SLSR
Now that you own some SLSR stock, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to track the latest developments regarding your SLSR stock.
SLSR Feed
How to Buy Stock in Solaris Resources
To summarize, here are the 6 steps you need to take to buy Solaris Resources stock right now:
- Figure out where to buy Solaris Resources stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Evaluate Solaris Resources stock
- Execute your SLSR buy order
- Get notifications regarding your investment in SLSR
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Solaris Resources, hit the button below to create your watchlist.
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