Mirasol Resources (CVE:MRZ) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Mirasol Resources Ltd. (CVE:MRZGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.45 and traded as low as C$0.36. Mirasol Resources shares last traded at C$0.36, with a volume of 11,540 shares.

Mirasol Resources Stock Up 10.6%

The stock has a market cap of C$32.34 million, a price-to-earnings ratio of -6.08 and a beta of 1.54. The stock has a 50 day simple moving average of C$0.34 and a 200 day simple moving average of C$0.45. The company has a quick ratio of 8.86, a current ratio of 0.41 and a debt-to-equity ratio of 18,146.41.

Insider Activity

In other Mirasol Resources news, insider Glenn Pountney purchased 75,000 shares of Mirasol Resources stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of C$0.35 per share, with a total value of C$26,250.00. Following 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 position. In the last quarter, insiders acquired 223,000 shares of company stock valued at $75,915. 42.13% of the stock is owned by company insiders.

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.