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

Mirasol Resources Ltd. (CVE:MRZ) 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 trading hands. The stock had previously closed at C$0.30.

Mirasol Resources Trading Down 6.7%

The company has a market capitalization of C$24.81 million, a PE ratio of -4.67 and a beta of 1.45. The company’s fifty day moving average is C$0.31 and its 200-day moving average is C$0.40. The company has a debt-to-equity ratio of -831.88, a current ratio of 0.50 and a quick ratio of 8.86.

Insider Transactions at Mirasol Resources

In related news, insider Glenn Pountney bought 84,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were acquired at an average price of C$0.30 per share, with a total value of C$25,200.00. Following the transaction, the insider 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 acquired 523,000 shares of company stock worth $168,760. 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.