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Summary
- Solaris stocks are up 35.3 per cent in the last three months.
- Rupert stocks have rocketed over 646 per cent year-to-date (YTD) and up nearly 80 per cent in the last three months.
- Both the stocks are a part of TMX’s Rising Stars list.
Metals and mining firm Solaris Resources has started its first-ever drilling campaign at Warintza West in south-eastern Ecuador, already intersecting over 1-km. The company aims to drill up to 5 km of the surface at the project.
Rupert Resources (TSXV:RUP), a gold explorer, recently announced the results of a preliminary metallurgical trial on two samples from the Ikkari Discovery, part of its 100 per cent owned Pahtavaara Project in Finland. Up to 99.5 per cent of gold could be extracted utilizing traditional processing procedures, announced the company.
Let us have a quick look at these mining stocks’ recent performances:
Solaris Resources Inc. (TSXV:SLS)
Current Price Stock: C$ 5.15
In the last three months, the mining stock is up 35.3 per cent. The stock has added over 243 per cent gains since its listing on the Toronto Stock Exchange Venture (TSXV) in July this year.
Solaris’ current market cap stands at C$ 459 million. Its price-to-book (P/B) ratio is 13.205, and the debt-to-equity (D/E) ratio is 0.01, as per data available on the TMX portal.
The stock is ranked highly among TMX’s top junior basic materials stock list. Solaris stocks also made it to the top TMX Rising Stars, a list of that are currently outperforming the markets (TSX and TSXV) in the last three months.
The company also operates a gold project in Ecuador, Tamarugo project in Chile and Capricho and Paco Orco projects in Peru. The company has an exposure to US$ 130 million/ 5-years spending via a farm-out deal with Freeport-McMoRan on the Ricardo Project in Chile.
Rupert Resources Inc. (TSXV:RUP)
Current Stock Price: C$ 5.30
The stock has zoomed over 646 per cent year-to-date (YTD). The gold stock has returned nearly 80 per cent growth in the last three months.
Its current market cap is approximately C$ 873 million. Its price-to-book (P/B) ratio is 11.778, and the price-to-cashflow ratio is 217.80, as per the TMX portal.
The stock also a part of TMX’s top junior basic materials stock list and TMX Rising Stars.
In the six months ended August 31, 2020, the company reported total expenses of C$ 5.75 million, as compared to C$ 3.07 million in the same period of 2019. The higher spending was led by exploration projects costs. Rupert held cash or cash equivalents of C$ 32.44 million as of August 31, 2020. The precious metal explorer posted a net loss and comprehensive loss of C$ 1.11 million for the three months ended August 31, 2020.
