Mirasol Resources (CVE:MRZ) Stock Price Down 21.4% – What’s Next?

Mirasol Resources Ltd. (CVE:MRZ) shares dropped 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.31 and last traded at C$0.33. Approximately 565,363 shares were traded 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 Price Performance

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

Insiders Place Their Bets

In related news, insider Glenn Pountney acquired 79,500 shares of Mirasol Resources stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of C$0.37 per share, with a total value of C$29,017.50. Insiders bought a total of 314,000 shares of company stock valued at $116,740 over the last quarter. 42.13% of the stock is owned by corporate 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.