Mirasol Resources (CVE:MRZ) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Mirasol Resources Ltd. (CVE:MRZ) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.55 and traded as high as C$0.55. Mirasol Resources shares last traded at C$0.55, with a volume of 24,967 shares trading hands.

Mirasol Resources Price Performance

The company’s 50-day moving average price is C$0.55 and its two-hundred day moving average price is C$0.47. The company has a market cap of C$48.70 million, a P/E ratio of -4.58 and a beta of 1.77. The company has a current ratio of 2.84, a quick ratio of 8.86 and a debt-to-equity ratio of 2.23.

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.