Mirasol Resources (CVE:MRZ) Hits New 12-Month Low – Here’s What Happened

Mirasol Resources Ltd. (CVE:MRZ) reached a new 52-week low during 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 trading hands. The stock had previously closed at C$0.30.

Mirasol Resources Price Performance

The company has a debt-to-equity ratio of 18,146.41, a current ratio of 0.41 and a quick ratio of 8.86. The company has a market capitalization of C$26.58 million, a P/E ratio of -5.00 and a beta of 1.45. The stock has a 50-day moving average price of C$0.33 and a 200-day moving average price of C$0.38.

Insiders Place Their Bets

In other news, insider Glenn Pountney purchased 154,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of C$0.33 per share, for a total transaction of C$50,820.00. Following the acquisition, the insider owned 16,151,000 shares in the company, valued at C$5,329,830. This trade represents a 0.96% increase in their ownership of the stock. Over the last three months, insiders have purchased 411,000 shares of company stock worth $135,580. Corporate 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. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.