Mirasol Resources Ltd. (CVE:MRZ – Get Free Report)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.33 and traded as low as C$0.33. Mirasol Resources shares last traded at C$0.34, with a volume of 20,500 shares traded.
Mirasol Resources Price Performance
The firm’s 50 day simple moving average is C$0.33 and its two-hundred day simple moving average is C$0.40. The company has a debt-to-equity ratio of 18,146.41, a current ratio of 0.41 and a quick ratio of 8.86. The firm has a market capitalization of C$30.57 million, a P/E ratio of -5.75 and a beta of 1.56.
Insiders Place Their Bets
In related news, insider Glenn Pountney bought 154,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of C$0.33 per share, for a total transaction of C$50,820.00. Following the acquisition, the insider directly owned 16,151,000 shares of the company’s stock, valued at C$5,329,830. The trade was a 0.96% increase in their position. In the last three months, insiders bought 509,500 shares of company stock worth $169,010. Corporate insiders own 42.13% 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. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.
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