Mirasol Resources (CVE:MRZ) Hits New 52-Week Low at $0.54

Shares of Mirasol Resources Ltd. (CVE:MRZ) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.54 and last traded at C$0.55, with a volume of 23462 shares traded. The stock had previously closed at C$0.55.

Mirasol Resources Stock Down 1.8 %

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 stock’s 50-day moving average is C$0.57 and its 200-day moving average is C$0.60. The company has a market cap of C$37.64 million, a price-to-earnings ratio of -3.24 and a beta of 1.49.

Mirasol Resources (CVE:MRZ) last released its quarterly earnings data on Tuesday, February 27th. The company reported C($0.04) earnings per share for the quarter.

Insiders Place Their Bets

In other news, insider Glenn Pountney acquired 115,000 shares of Mirasol Resources stock in a transaction on Wednesday, February 14th. The stock was acquired at an average cost of C$0.55 per share, with a total value of C$63,250.00. In the last ninety days, insiders purchased 300,000 shares of company stock valued at $166,140. Corporate insiders own 52.34% 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.