Solitario Zinc (XPL) Enters The New Round Of Bull Run: A Good Buy?

Mining companies have been in the focus of investors for quite a while and one of the companies to have seen its stock perform particularly well in 2021 is Solitario Zinc Corp (NYSE: XPL).

The Solitario stock has been on an impressive run over the past week and soared by as much as 20% during the period. The latest rally has taken its gains for the year to as much as 80%. One of the reasons behind the latest rally in the stock might be traced back to development from back on February 23.

The company reported that there has been a considerable rise in mineral resources at its Florida Canyon zinc property in Peru. The property in question is meant for producing high-grade zinc and the announcement has come as a major boost for Solitario. The company’s joint venture partner Nexa Resources SA had done the resource estimate and Solitario verified the findings through an independent consultant.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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