Mirasol Resources (CVE:MRZ) Shares Down 21.4% – Should You Sell?

Mirasol Resources Ltd. (CVE:MRZ) shares were down 21.4% on Monday . The company traded as low as C$0.31 and last traded at C$0.33. Approximately 485,430 shares traded hands during mid-day trading, an increase of 960% from the average daily volume of 45,783 shares. The stock had previously closed at C$0.42.

Mirasol Resources Stock Performance

The business’s 50-day simple moving average is C$0.38 and its two-hundred day simple moving average is C$0.43. The company has a quick ratio of 8.86, a current ratio of 2.84 and a debt-to-equity ratio of 2.23. The firm has a market cap of C$26.76 million, a price-to-earnings ratio of -2.76 and a beta of 1.48.

Insider Buying and Selling

In other news, insider Glenn Pountney acquired 79,500 shares of Mirasol Resources stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of C$0.37 per share, with a total value of C$29,017.50. In the last 90 days, insiders acquired 280,500 shares of company stock valued at $104,345. 42.13% of the stock is owned by company 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.