Mirasol Resources (CVE:MRZ) Sets New 52-Week Low – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ) shares hit a new 52-week low on Monday. The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 111800 shares trading hands. The stock had previously closed at C$0.32.

Mirasol Resources Stock Down 4.8%

The company has a debt-to-equity ratio of 18,146.41, a quick ratio of 8.86 and a current ratio of 0.41. The company’s fifty day moving average price is C$0.32 and its 200-day moving average price is C$0.36. The stock has a market cap of C$26.58 million, a P/E ratio of -5.00 and a beta of 1.45.

Insider Activity

In other Mirasol Resources news, insider Glenn Pountney bought 154,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of C$0.33 per share, with a total value of C$50,820.00. Following the completion of the purchase, the insider owned 16,151,000 shares in the company, valued at C$5,329,830. This represents a 0.96% increase in their position. Insiders purchased a total of 571,500 shares of company stock worth $184,885 in the last ninety days. 42.13% of the stock is owned by insiders.

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.