Mirasol Resources (CVE:MRZ) Reaches New 12-Month Low – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 95377 shares changing hands. The stock had previously closed at C$0.32.

Mirasol Resources Stock Up 6.6%

The firm has a 50-day simple moving average of C$0.36 and a 200 day simple moving average of C$0.46. The company has a market capitalization of C$28.79 million, a PE ratio of -5.42 and a beta of 1.39. The company has a debt-to-equity ratio of 18,146.41, a current ratio of 0.41 and a quick ratio of 8.86.

Insider Activity

In related news, insider Glenn Pountney bought 75,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average cost of C$0.35 per share, for a total transaction of C$26,250.00. Following the acquisition, the insider owned 15,426,000 shares in the company, valued at C$5,399,100. This represents a 0.49% increase in their position. Insiders bought a total of 223,500 shares of company stock valued at $78,170 in the last ninety days. 42.13% of the stock is currently owned by company 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.