Mirasol Resources (CVE:MRZ) Reaches New 1-Year Low – Time to Sell?

Mirasol Resources Ltd. (CVE:MRZ) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30, with a volume of 105000 shares changing hands. The stock had previously closed at C$0.30.

Mirasol Resources Trading Up 3.3%

The business has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.38. The stock has a market cap of C$27.47 million, a PE ratio of -5.17 and a beta of 1.45. 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.

Insider Activity at Mirasol Resources

In other news, insider Glenn Pountney acquired 154,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of C$0.33 per share, with a total value of C$50,820.00. Following the completion of the transaction, the insider directly owned 16,151,000 shares in the company, valued at approximately C$5,329,830. This represents a 0.96% increase in their position. Insiders have bought 411,000 shares of company stock worth $135,580 in the last ninety days. 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.