Mirasol Resources (CVE:MRZ) Sets New 1-Year Low – Here’s What Happened

Shares of Mirasol Resources Ltd. (CVE:MRZ) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 105000 shares trading hands. The stock had previously closed at C$0.30.

Mirasol Resources Stock Performance

The firm has a 50 day simple moving average of C$0.33 and a 200 day simple moving average of C$0.38. The company has a current ratio of 0.41, a quick ratio of 8.86 and a debt-to-equity ratio of 18,146.41. The firm has a market capitalization of C$27.02 million, a PE ratio of -5.08 and a beta of 1.45.

Insiders Place Their Bets

In related news, insider Glenn Pountney bought 154,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of C$0.33 per share, with a total value of C$50,820.00. Following the transaction, the insider owned 16,151,000 shares in the company, valued at approximately C$5,329,830. This trade represents a 0.96% increase in their position. Insiders have purchased a total of 411,000 shares of company stock worth $135,580 in the last 90 days. 42.13% of the stock is owned by corporate insiders.

Mirasol Resources Company Profile

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship projects include the Sobek Cu project, which covers an area of 11,100 hectares located in northern Chile; and the Inca Gold that covers an area of 16,300 hectares located on the Paleocene belt of Chile. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.