Mirasol Resources (CVE:MRZ) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Mirasol Resources Ltd. (CVE:MRZ)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.44 and traded as high as C$0.45. Mirasol Resources shares last traded at C$0.45, with a volume of 5,050 shares changing hands.

Mirasol Resources Stock Down 2.2%

The business’s fifty day moving average price is C$0.44 and its two-hundred day moving average price is C$0.39. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.86 and a current ratio of 2.84. The firm has a market capitalization of C$36.42 million, a P/E ratio of -3.42 and a beta of 1.48.

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.