Solaris Resources Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 2.44
Market capitalization 562.13M
Operating cash flow -59.37M
ESG Scores unknown

Company description

Solaris Resources Inc. engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising eight metallic mineral concessions, which covers an area of 268 km2 located in Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. The company was incorporated in 2018 and is based in Vancouver, Canada.

Sector: Basic Materials - Industry: Other Precious Metals & Mining

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 59k 224k 2.8M 7.47M
Total Cashflows From Investing Activities -8k -77k -684k -1.09M
Net Borrowings 1.23M 714k -44k -265k
Total Cash From Financing Activities 3.06M 10.43M 81.17M 7.21M
Change To Operating Activities -32k 364k -128k -623k
Issuance Of Stock 1.84M 9.78M 81.75M 7M
Net Income -2.02M -2.71M -25.92M -56.8M
Change In Cash 149k 5.85M 67.5M -39.7M
Effect Of Exchange Rate -1k 51k 1.13M 839k
Total Cash From Operating Activities -2.9M -4.55M -14.11M -46.66M
Depreciation 6k 13k 68k 408k
Change To Account Receivables
Other Cashflows From Financing Activities -66k -66k -537k 483k
Change To Netincome -918k -2.44M 9.07M 2.87M
Capital Expenditures -8k -7k -684k -1.68M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -2.06M -2.77M -25.99M -56.86M
Net Income -2.02M -2.71M -25.92M -56.8M
Selling General Administrative 550k 1.5M 3.82M 9.5M
Gross Profit
Ebit -3M -5.43M -19.34M -59.35M
Operating Income -3M -5.43M -19.34M -59.35M
Interest Expense
Income Tax Expense
Total Revenue
Cost Of Revenue
Total Other Income ExpenseNet 935k 2.66M -6.65M 2.49M
Net Income From Continuing Ops -2.06M -2.77M -25.99M -56.86M
Net Income Applicable To Common Shares -2.02M -2.71M -25.92M -56.8M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.43M 2.03M 8.36M 14.53M
Total Stockholder Equity 12.9M 20.73M 78.64M 35.21M
Other Current Liabilities 4M 1.78M
Total Assets 22.21M 30.58M 94.92M 57.65M
Common Stock 32.7M 43.1M 110.24M 119.56M
Other Current Assets
Retained Earnings -20.47M -23.19M -49.1M -105.9M
Treasury Stock 671k 811k 17.51M 21.55M
Cash 241k 6.09M 73.59M 33.9M
Total Current Liabilities 155k 456k 7.35M 12.67M
Other Stockholder Equity 671k 811k 17.51M 21.55M
Property, Plant, and Equipment 20.23M 20.32M 21.02M 22.72M
Total Current Assets 311k 6.19M 73.84M 34.85M
Net Tangible Assets 12.9M 20.73M 78.64M 35.21M
Net Receivables 43k 147k
Accounts Payable 155k 379k 3.23M 10.75M


Insider Transactions

Here are the insider transactions of stock shares related to Solaris Resources Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Warke (Richard William)Exercise of warrants at price 0.87 per share.I2022-10-20Director of Issuer312.5k
Lowe, SunnyAcquisition or disposition in the public market at price 5.49 per share.D2022-08-17Senior Officer of Issuer10.5k
Lowe, SunnyAcquisition or disposition in the public market at price 5.57 per share.D2022-08-16Senior Officer of Issuer10.5k
Lowe, SunnyAcquisition or disposition in the public market at price 5.68 per share.D2022-08-15Senior Officer of Issuer20.6k
Walsh (Ronald Patrick)Acquisition or disposition in the public market at price 5.73 per share.D2022-08-08Director of Issuer5k
Walsh (Ronald Patrick)Acquisition or disposition in the public market at price 5.70 per share.D2022-08-08Director of Issuer200
Walsh (Ronald Patrick)Acquisition or disposition in the public market at price 5.69 per share.D2022-08-08Director of Issuer4.8k
Walsh (Ronald Patrick)Acquisition or disposition in the public market at price 5.41 per share.D2022-08-05Director of Issuer10k
Beaty (Ross J)Conversion or exchange at price 5.78 per share.D2022-07-07Director or Senior Officer of 10% Security Holder470k
Fierro Rojas (Jorge Mauricio)Exercise of options at price 0.93 per share.D2022-06-30Senior Officer of Issuer2k
Smith (Gregory D)Exercise of options at price 0.92 per share.D2022-06-18Director of Issuer4.5k
Wagenaar (Jacqueline)Acquisition or disposition in the public market at price 7.19 per share.D2022-06-16Senior Officer of Issuer5.5k
Warke (Richard William)Exercise of warrants at price 5.17 per share.I2022-05-12Director of Issuer1M
Lowe, SunnyAcquisition or disposition in the public market at price 9.16 per share.D2022-05-05Senior Officer of Issuer11.2k
Equinox Gold CorpExercise of warrants at price 5.27 per share.D2022-04-2810% Security Holder of Issuer1M
Lowe, SunnyAcquisition or disposition in the public market at price 9.59 per share.D2022-04-25Senior Officer of Issuer8.2k
Equinox Gold CorpAcquisition or disposition carried out privately at price 8.00 per share.D2022-04-2010% Security Holder of Issuer5M
Warke (Richard William)Exercise of warrants at price 8.00 per share.I2022-04-20Director of Issuer3.5M
Warke (Richard William)I2022-04-04Director of Issuer35.52M
Warke (Richard William)I2022-04-04Director of Issuer35.52M
Milau (Christian)Acquisition or disposition in the public market at price 10.94 per share.D2022-03-03Director or Senior Officer of 10% Security Holder17.1k
Milau (Christian)Acquisition or disposition in the public market at price 10.82 per share.D2022-03-02Director or Senior Officer of 10% Security Holder55.88k
Boggio (Lenard)Acquisition or disposition in the public market at price 11.90 per share.D2021-12-16Director or Senior Officer of 10% Security Holder25k
Warke (Richard William)Acquisition or disposition carried out privately at price 10.33 per share.I2021-12-07Director of Issuer200k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Solaris Resources Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Solaris Resources Inc

Here is the result of two systematic investment strategies applied to Solaris Resources Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Solaris Resources Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Solaris Resources Inc:

Solaris Resources Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 2.03% on the backtest period.

Performance at glance

Performance

2.03 %

Latent gain

14.96 C$

Invested capital

736.0 C$

Annualized return

1.54 %
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Momentum strategy results on Solaris Resources Inc

This is the result of two momentum investment strategies applied to Solaris Resources Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Solaris Resources Inc

The following chart shows all the entries opened by the momentum investment system on Solaris Resources Inc:

Solaris Resources Inc momentum entries
  • The first momentum investment strategy would give -0.97% of return on Solaris Resources Inc. That represents -12.21C$ of latent gain with 1263.81C$ of employed capital.
  • The second momentum investment strategy would give -10.14% of return on Solaris Resources Inc. That represents -153.34C$ of latent gain with 1512.22C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-0.97 %

Latent gain

-12.21 C$

Invested capital

1263.81 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-10.14 %

Latent gain

-153.34 C$

Invested capital

1512.22 C$

Annualized return

-12.07 %

Momentum equity curve on Solaris Resources Inc

The following chart shows the equity curve of the two momentum strategies applied to Solaris Resources Inc:

Solaris Resources Inc momentum equity

Note: the dividends potentially given by Solaris Resources Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Solaris Resources Inc

The following chart shows the employed capital evolution of the two momentum strategies on Solaris Resources Inc since the beginning:

Solaris Resources Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on Solaris Resources Inc

Buy the dip entry openings on Solaris Resources Inc

Solaris Resources Inc

The performance achieved by the robo-advisor on Solaris Resources Inc is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows Solaris Resources Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Solaris Resources Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to Solaris Resources Inc

The following chart shows the result of the investment strategy applied to Solaris Resources Inc:

Solaris Resources Inc

Note: the dividends potentially given by Solaris Resources Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Solaris Resources Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Solaris Resources Inc:

Solaris Resources Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Solaris Resources Inc

In this section, I will compare the three previous investment strategies applied to Solaris Resources Inc.

Equity curve comparison on Solaris Resources Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Solaris Resources Inc investment strategy comparison

Employed capital comparison on Solaris Resources Inc

Solaris Resources Inc investment comparison

Performance comparison on Solaris Resources Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 2.03% 14.96C$ 736.0C$ 1.54%
Momentum 1 quarter -0.97% -12.21C$ 1263.81C$ -0.9%
Momentum 2 quarters -10.14% -153.34C$ 1512.22C$ -12.07%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

1.54 %

Momentum 1Q

-12.07 %

Momentum 2Q

-12.07 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Solaris Resources Inc:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Solaris Resources Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Solaris Resources Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Solaris Resources Inc
Country Canada
City Vancouver
Address 999 Canada Place
Phone
Website www.solarisresources.com
FullTime employees 62
Industry Other Precious Metals & Mining
Sector Basic Materials
Exchange XTSE
Ticker SLS.XTSE
Market

Solaris Resources Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown