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

Mirasol Resources Ltd. (CVE:MRZ)’s stock price hit a new 52-week low on Thursday. The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 2,068 shares changing hands. The stock had previously closed at C$0.31.

Mirasol Resources Trading Down 3.2%

The firm has a 50 day simple moving average of C$0.32 and a 200 day simple moving average of C$0.40. 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 firm has a market capitalization of C$26.58 million, a PE ratio of -5.00 and a beta of 1.23.

Insider Buying and Selling at Mirasol Resources

In related news, insider Glenn Pountney acquired 154,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were bought 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 directly owned 16,151,000 shares in the company, valued at approximately C$5,329,830. This trade represents a 0.96% increase in their ownership of the stock. Insiders have purchased 530,000 shares of company stock worth $171,005 over the last three months. 42.13% of the stock is owned by 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.