Mirasol Resources (CVE:MRZ) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Mirasol Resources Ltd. (CVE:MRZ)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.38 and traded as high as C$0.48. Mirasol Resources shares last traded at C$0.44, with a volume of 49,000 shares.

Mirasol Resources Stock Down 3.3%

The company has a market capitalization of C$36.01 million, a price-to-earnings ratio of -3.38 and a beta of 1.65. The firm’s 50 day moving average price is C$0.41 and its two-hundred day moving average price is C$0.38. The company has a current ratio of 2.84, a quick ratio of 8.86 and a debt-to-equity ratio of 2.23.

Insider Buying and Selling at Mirasol Resources

In other news, insider Glenn Pountney acquired 70,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average cost of C$0.37 per share, for a total transaction of C$25,900.00. In the last quarter, insiders have bought 90,500 shares of company stock worth $33,485. 42.13% of the stock is owned by 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.