Mirasol Resources (CVE:MRZ) Hits New 52-Week Low – Here’s What Happened

Mirasol Resources Ltd. (CVE:MRZ) shares reached a new 52-week low on Wednesday. The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 18,500 shares trading hands. The stock had previously closed at C$0.28.

Mirasol Resources Price Performance

The stock has a market cap of C$24.36 million, a PE ratio of -6.88 and a beta of 1.45. The company has a current ratio of 0.50, a quick ratio of 8.86 and a debt-to-equity ratio of -831.88. The company’s 50 day moving average is C$0.31 and its 200-day moving average is C$0.39.

Insider Activity

In other Mirasol Resources news, insider Glenn Pountney bought 84,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were acquired at an average cost of C$0.30 per share, with a total value of C$25,200.00. Following the completion of the transaction, the insider owned 16,681,000 shares in the company, valued at C$5,004,300. The trade was a 0.51% increase in their ownership of the stock. Insiders bought 403,000 shares of company stock worth $129,160 over the last 90 days. 42.13% of the stock is currently owned by insiders.

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.