Mirasol Resources (CVE:MRZ) Shares Down 20.5% – Should You Sell?

Mirasol Resources Ltd. (CVE:MRZGet Free Report) dropped 20.5% during mid-day trading on Monday . The stock traded as low as C$0.70 and last traded at C$0.70. Approximately 115,439 shares changed hands during trading, an increase of 131% from the average daily volume of 49,981 shares. The stock had previously closed at C$0.88.

Mirasol Resources Stock Down 22.7%

The company’s fifty day simple moving average is C$0.48 and its 200 day simple moving average is C$0.43. The company has a quick ratio of 8.86, a current ratio of 2.84 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of C$60.21 million, a PE ratio of -5.67 and a beta of 1.83.

Mirasol Resources Company Profile

(Get Free Report)

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.

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