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

Mirasol Resources Ltd. (CVE:MRZ) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.32, with a volume of 10015 shares trading hands. The stock had previously closed at C$0.32.

Mirasol Resources Stock Up 6.3%

The firm has a market capitalization of C$30.12 million, a P/E ratio of -4.86 and a beta of 1.21. The firm’s 50-day moving average is C$0.47 and its 200 day moving average is C$0.48. The company has a debt-to-equity ratio of 63.75, a quick ratio of 8.86 and a current ratio of 1.24.

Insider Buying and Selling

In other Mirasol Resources news, insider Glenn Pountney purchased 75,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of C$0.35 per share, with a total value of C$26,250.00. Following the transaction, 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 position. Over the last quarter, insiders have bought 291,500 shares of company stock worth $130,090. 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.