Mirasol Resources (CVE:MRZ) Hits New 1-Year Low at $0.54

Mirasol Resources Ltd. (CVE:MRZ)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.54 and last traded at C$0.55, with a volume of 59465 shares changing hands. The stock had previously closed at C$0.55.

Mirasol Resources Price Performance

The company has a current ratio of 6.76, a quick ratio of 8.86 and a debt-to-equity ratio of 2.09. The company has a market cap of C$36.20 million, a price-to-earnings ratio of -3.18 and a beta of 1.49. The business has a 50-day moving average price of C$0.57 and a 200 day moving average price of C$0.60.

Mirasol Resources (CVE:MRZ) last announced its earnings results on Tuesday, February 27th. The company reported C($0.04) EPS for the quarter.

Insiders Place Their Bets

In other news, insider Glenn Pountney purchased 115,000 shares of Mirasol Resources stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price of C$0.55 per share, for a total transaction of C$63,250.00. Insiders bought a total of 305,000 shares of company stock worth $169,140 over the last ninety days. 50.58% of the stock is currently owned by company insiders.

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.