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

Shares of Mirasol Resources Ltd. (CVE:MRZ) hit 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 Stock Performance

The company has a fifty day moving average price of C$0.33 and a two-hundred day moving average price of C$0.38. 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.

Insiders Place Their Bets

In other Mirasol Resources news, insider Glenn Pountney purchased 154,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of C$0.33 per share, for a total transaction of C$50,820.00. Following the transaction, the insider owned 16,151,000 shares in the company, valued at C$5,329,830. The trade was a 0.96% increase in their position. Over the last 90 days, insiders have purchased 411,000 shares of company stock worth $135,580. 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.