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

Mirasol Resources Ltd. (CVE:MRZ) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 3,007 shares changing hands. The stock had previously closed at C$0.30.

Mirasol Resources Stock Down 6.7%

The company has a 50-day simple moving average of C$0.31 and a 200 day simple moving average of C$0.40. The company has a market cap of C$24.81 million, a P/E ratio of -4.67 and a beta of 1.45. The company has a current ratio of 0.50, a quick ratio of 8.86 and a debt-to-equity ratio of -831.88.

Insider Activity at Mirasol Resources

In related news, insider Glenn Pountney purchased 154,000 shares of Mirasol Resources stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of C$0.33 per share, with a total value of C$50,820.00. Following the purchase, the insider directly owned 16,151,000 shares of the company’s stock, valued at approximately C$5,329,830. This represents a 0.96% increase in their position. Insiders have bought 523,000 shares of company stock valued at $168,760 in the last quarter. Corporate insiders own 42.13% of the company’s stock.

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.