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

Mirasol Resources Ltd. (CVE:MRZ) hit a new 52-week low during trading on Wednesday. The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 18,500 shares changing hands. The stock had previously closed at C$0.28.

Mirasol Resources Stock Performance

The stock has a 50-day moving average of C$0.31 and a 200 day moving average of C$0.39. The company has a quick ratio of 8.86, a current ratio of 0.50 and a debt-to-equity ratio of -831.88. The stock has a market cap of C$24.81 million, a PE ratio of -7.00 and a beta of 1.45.

Insider Activity at Mirasol Resources

In other Mirasol Resources news, insider Glenn Pountney acquired 84,000 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were purchased at an average price of C$0.30 per share, for a total transaction of C$25,200.00. Following the completion of the purchase, the insider directly owned 16,681,000 shares of the company’s stock, valued at C$5,004,300. The trade was a 0.51% increase in their ownership of the stock. Over the last quarter, insiders have acquired 399,000 shares of company stock valued at $127,840. 42.13% of the stock is owned by corporate insiders.

About Mirasol Resources

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.