Mirasol Resources (CVE:MRZ) Reaches New 12-Month Low – Time to Sell?

Mirasol Resources Ltd. (CVE:MRZGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as C$0.30 and last traded at C$0.30, with a volume of 95377 shares. The stock had previously closed at C$0.32.

Mirasol Resources Price Performance

The company has a current ratio of 0.41, a quick ratio of 8.86 and a debt-to-equity ratio of 18,146.41. The stock has a market capitalization of C$27.02 million, a P/E ratio of -5.08 and a beta of 1.39. The stock has a 50 day moving average of C$0.37 and a 200-day moving average of C$0.46.

Insiders Place Their Bets

In other Mirasol Resources news, insider Glenn Pountney bought 75,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of C$0.35 per share, for a total transaction of C$26,250.00. Following the completion of the transaction, the insider owned 15,426,000 shares in the company, valued at C$5,399,100. This trade represents a 0.49% increase in their ownership of the stock. Insiders acquired a total of 223,500 shares of company stock valued at $78,170 in the last 90 days. Company insiders own 42.13% of the company’s stock.

Mirasol Resources Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Mirasol Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mirasol Resources and related companies with MarketBeat.com's FREE daily email newsletter.