Mirasol Resources (CVE:MRZ) Stock Price Down 21.4% – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ) shares traded down 21.4% during trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.33. 565,363 shares changed hands during mid-day trading, an increase of 1,098% from the average session volume of 47,207 shares. The stock had previously closed at C$0.42.

Mirasol Resources Stock Down 21.4%

The firm has a market capitalization of C$26.76 million, a price-to-earnings ratio of -2.76 and a beta of 1.48. The company has a current ratio of 2.84, a quick ratio of 8.86 and a debt-to-equity ratio of 2.23. The firm has a fifty day moving average price of C$0.38 and a 200 day moving average price of C$0.43.

Insider Transactions at Mirasol Resources

In related news, insider Glenn Pountney acquired 79,500 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of C$0.37 per share, for a total transaction of C$29,017.50. Insiders have acquired 314,000 shares of company stock valued at $116,740 in the last three months. 42.13% of the stock is owned by corporate 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.