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

Mirasol Resources Ltd. (CVE:MRZ)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 105000 shares. The stock had previously closed at C$0.30.

Mirasol Resources Stock Performance

The stock has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.38. The company has a quick ratio of 8.86, a current ratio of 0.41 and a debt-to-equity ratio of 18,146.41. The stock has a market cap of C$27.02 million, a PE ratio of -5.08 and a beta of 1.45.

Insider Activity

In other Mirasol Resources news, insider Glenn Pountney purchased 154,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of C$0.33 per share, with a total value of C$50,820.00. Following the completion of the purchase, the insider owned 16,151,000 shares in the company, valued at approximately C$5,329,830. This represents a 0.96% increase in their position. Insiders purchased 411,000 shares of company stock valued at $135,580 over the last quarter. 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.