Mirasol Resources (CVE:MRZ) Reaches New 12-Month Low – Time to Sell?

Mirasol Resources Ltd. (CVE:MRZ)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.32 and last traded at C$0.32, with a volume of 10015 shares. The stock had previously closed at C$0.32.

Mirasol Resources Stock Up 1.6%

The business’s 50 day moving average is C$0.47 and its 200 day moving average is C$0.49. The company has a debt-to-equity ratio of 63.75, a quick ratio of 8.86 and a current ratio of 1.24. The stock has a market cap of C$28.35 million, a price-to-earnings ratio of -4.57 and a beta of 1.21.

Insider Buying and Selling

In other news, insider Glenn Pountney acquired 75,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of C$0.35 per share, with a total value of C$26,250.00. Following the purchase, the insider owned 15,426,000 shares of the company’s stock, valued at approximately C$5,399,100. This trade represents a 0.49% increase in their position. Over the last three months, insiders have purchased 325,000 shares of company stock valued at $149,145. Company insiders own 42.13% of the company’s stock.

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.