Mirasol Resources (CVE:MRZ) Shares Down 21.4% – Should You Sell?

Mirasol Resources Ltd. (CVE:MRZ) was down 21.4% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.33. Approximately 565,363 shares traded hands during mid-day trading, an increase of 1,098% from the average daily volume of 47,207 shares. The stock had previously closed at C$0.42.

Mirasol Resources Trading Down 21.4%

The company has a 50 day moving average of C$0.38 and a 200 day moving average of C$0.43. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.86 and a current ratio of 2.84. The stock has a market capitalization of C$26.76 million, a price-to-earnings ratio of -2.76 and a beta of 1.48.

Insider Activity at Mirasol Resources

In other news, insider Glenn Pountney acquired 79,500 shares of Mirasol Resources stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of C$0.37 per share, with a total value of C$29,017.50. In the last ninety days, insiders bought 314,000 shares of company stock valued at $116,740. 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.