Mirasol Resources (CVE:MRZ) Sets New 52-Week Low – Here’s What Happened

Mirasol Resources Ltd. (CVE:MRZ)’s share price reached a new 52-week low on Thursday. The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 3,007 shares. The stock had previously closed at C$0.30.

Mirasol Resources Price Performance

The firm’s 50-day moving average price is C$0.31 and its 200-day moving average price is C$0.39. The company has a current ratio of 0.50, a quick ratio of 8.86 and a debt-to-equity ratio of -831.88. The stock has a market capitalization of C$24.81 million, a PE ratio of -7.00 and a beta of 1.45.

Insider Buying and Selling

In related news, insider Glenn Pountney purchased 154,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average cost of C$0.33 per share, for a total transaction of C$50,820.00. Following the completion of the acquisition, the insider owned 16,151,000 shares in the company, valued at approximately C$5,329,830. This trade represents a 0.96% increase in their position. Over the last 90 days, insiders acquired 523,000 shares of company stock valued at $168,760. Corporate insiders own 42.13% of the company’s stock.

Mirasol Resources Company Profile

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.