Mirasol Resources (CVE:MRZ) Reaches New 12-Month Low – What’s Next?

Shares of Mirasol Resources Ltd. (CVE:MRZ) hit a new 52-week low on Thursday . The company traded as low as C$0.31 and last traded at C$0.32, with a volume of 33615 shares changing hands. The stock had previously closed at C$0.33.

Mirasol Resources Trading Up 1.6%

The firm has a market cap of C$27.91 million, a PE ratio of -4.50 and a beta of 1.25. The business has a 50-day moving average price of C$0.48 and a two-hundred day moving average price of C$0.49. The company has a debt-to-equity ratio of 63.75, a current ratio of 1.24 and a quick ratio of 8.86.

Insider Buying and Selling

In related news, insider Glenn Pountney acquired 75,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of C$0.35 per share, for a total transaction of C$26,250.00. Following the transaction, the insider owned 15,426,000 shares in the company, valued at C$5,399,100. This trade represents a 0.49% increase in their position. In the last three months, insiders bought 331,500 shares of company stock worth $153,045. Company 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.