Mirasol Resources (CVE:MRZ) Reaches New 52-Week Low – Should You Sell?

Shares of Mirasol Resources Ltd. (CVE:MRZ) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 29086 shares. The stock had previously closed at C$0.30.

Mirasol Resources Stock Up 3.3%

The business has a 50-day moving average price of C$0.33 and a 200-day moving average price of C$0.37. The stock has a market cap of C$27.47 million, a PE ratio of -5.17 and a beta of 1.45. 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.

Insider Activity at Mirasol Resources

In related news, insider Glenn Pountney purchased 84,000 shares of Mirasol Resources stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average price of C$0.30 per share, for a total transaction of C$25,200.00. Following the transaction, the insider directly owned 16,681,000 shares in the company, valued at approximately C$5,004,300. This trade represents a 0.51% increase in their ownership of the stock. Insiders have bought a total of 495,000 shares of company stock worth $160,780 over the last three months. 42.13% of the stock is 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.