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

Mirasol Resources Ltd. (CVE:MRZ) reached 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 46,070 shares. The stock had previously closed at C$0.33.

Mirasol Resources Stock Down 9.1%

The company has a current ratio of 0.41, a quick ratio of 8.86 and a debt-to-equity ratio of 18,146.41. The company has a 50 day simple moving average of C$0.32 and a two-hundred day simple moving average of C$0.35. The firm has a market capitalization of C$26.58 million, a P/E ratio of -5.00 and a beta of 1.23.

Insider Activity at Mirasol Resources

In related news, insider Glenn Pountney bought 154,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of C$0.33 per share, for a total transaction of C$50,820.00. Following the completion of the transaction, the insider owned 16,151,000 shares in the company, valued at C$5,329,830. The trade was a 0.96% increase in their ownership of the stock. Insiders have acquired a total of 539,500 shares of company stock valued at $174,045 over the last quarter. 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.