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 $4.63, up 3.35% from the previous day, and has increased 39.46% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 0.17 percentage points. Solaris Resources stock is currently +143.68% from its 52-week low of $1.90, and -2.69% from its 52-week high of $4.76.
There are currently 163.23M SLSR shares outstanding. The market value of SLSR is $755.78M. In the last 24 hours, 57,300 SLSR shares were traded.
How to Buy Solaris Resources Stock
Not sure how to invest in Solaris Resources stock? Here's how.
- Figure out where to buy Solaris Resources stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Solaris Resources stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your info.
- 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 research tools can help you understand 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 purchase SLSR shares at a given price.
- Get notifications regarding your investment in SLSR: Create a watchlist to get live updates on your new investment in Solaris Resources stock.
Step 1: Figure out where to buy Solaris Resources stock
You will need an online brokerage account to access the NYSEMKT market and buy SLSR stock.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Healthcare, New York to Hong Kong (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for 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 your brokerage, the next step is 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.
- Input your personal info to start your new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on the stock trading app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing money into your investment account.
Step 4: Evaluate Solaris Resources stock
Once you have chosen the best place to buy Solaris Resources stock, it's very important to research their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Solaris Resources stock data
Solaris Resources Overview
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on SLSR's stock page.
Is SLSR stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SLSR's true value.
Using relative valuations methods:
- SLSR may be undervalued based on its P/E ratio of 9.08x, relative to Other Precious Metals & Mining industry P/E ratio of 171.49x
- SLSR could be undervalued based on its PEG ratio of 0.14x
You can do additional valuation research 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.
Cons:
- SLSR has cash burn of 68596000. It does not have sufficient cash and short-term investments to cover this.
- SLSR has $14.81M in cash and short term investments. This is not sufficient to cover its annual cash burn of $68.60M.
- There are more long-term liabilities than short-term assets on the SLSR balance sheet.
- SLSR debt to equity ratio of -2.03 is negative.
- Total SLSR debt is still negative.
Is it a good time to buy Solaris Resources stock, according to analysts?
Out of 1 sell side analysts who track SLSR, the consensus analyst rating on SLSR is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Solaris Resources stock forecast page.
SLSR Momentum
Is SLSR Making Money?
Last year, SLSR earnings were -$80.35M. Over the past one years, SLSR's earnings have increased by 88.89% per year. This was faster than the Other Precious Metals & Mining industry average of -8.19%.
Find out more about SLSR's earnings and revenue performance here.
What are SLSR executives and large shareholders up to?
In the last 12 months, insiders at SLSR have not bought or sold any shares.
Research more about who owns SLSR stock here.
Can I rely on SLSR as an income stream?
No, Solaris Resources doesn't provide an income stream by paying out dividends.
What do other traders have to say about SLSR?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your SLSR buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in SLSR
Now that you own some shares in SLSR, you'll want to stay up-to-date on your new investment.
Start a watchlist to get alerted to the latest events about your SLSR stock.
SLSR Feed
How to Buy Stock in Solaris Resources
To reiterate, here are the 6 steps to buy Solaris Resources stock:
- 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 account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Solaris Resources, get started below.
More Articles You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.