Mirasol Resources (CVE:MRZ) Reaches New 12-Month Low – Time to Sell?

Mirasol Resources Ltd. (CVE:MRZGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 95377 shares traded. The stock had previously closed at C$0.32.

Mirasol Resources Stock Performance

The firm has a market capitalization of C$27.02 million, a PE ratio of -5.08 and a beta of 1.39. The business has a 50-day simple moving average of C$0.37 and a 200-day simple moving average of C$0.46. 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.

Insider Transactions at Mirasol Resources

In other news, insider Glenn Pountney acquired 75,000 shares of the company’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of C$0.35 per share, with a total value of C$26,250.00. Following the completion of the purchase, the insider directly owned 15,426,000 shares of the company’s stock, valued at C$5,399,100. This represents a 0.49% increase in their ownership of the stock. Insiders acquired 223,500 shares of company stock valued at $78,170 in the last ninety days. 42.13% of the stock is owned by company insiders.

Mirasol Resources Company Profile

(Get Free Report)

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.

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