Mirasol Resources (CVE:MRZ) Shares Cross Below Fifty Day Moving Average – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.38 and traded as low as C$0.34. Mirasol Resources shares last traded at C$0.34, with a volume of 27,481 shares traded.

Mirasol Resources Stock Up 1.5%

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 firm has a market capitalization of C$27.57 million, a P/E ratio of -2.85 and a beta of 1.48. The stock’s 50-day simple moving average is C$0.38 and its 200-day simple moving average is C$0.43.

Insider Transactions at Mirasol Resources

In other Mirasol Resources news, insider Glenn Pountney bought 79,500 shares of Mirasol Resources stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of C$0.37 per share, with a total value of C$29,017.50. Insiders have acquired 279,500 shares of company stock worth $100,745 in the last 90 days. Insiders own 42.13% of the company’s stock.

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.