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

Mirasol Resources Ltd. (CVE:MRZ)’s share price traded down 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.31 and last traded at C$0.33. 565,363 shares traded 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 Price Performance

The stock has a market cap of C$26.76 million, a PE ratio of -2.76 and a beta of 1.48. 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 business’s 50-day simple moving average is C$0.38 and its 200-day simple moving average is C$0.43.

Insiders Place Their Bets

In related news, insider Glenn Pountney bought 79,500 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were purchased at an average price of C$0.37 per share, with a total value of C$29,017.50. In the last 90 days, insiders acquired 314,000 shares of company stock worth $116,740. 42.13% of the stock is currently owned by company insiders.

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.