Mirasol Resources (CVE:MRZ) Trading Down 31% – Here’s Why

Shares of Mirasol Resources Ltd. (CVE:MRZ) traded down 31% during trading on Thursday . The stock traded as low as C$0.35 and last traded at C$0.35. 431,820 shares were traded during mid-day trading, an increase of 820% from the average session volume of 46,956 shares. The stock had previously closed at C$0.50.

Mirasol Resources Stock Up 5.9%

The firm has a market cap of C$31.89 million, a price-to-earnings ratio of -5.14 and a beta of 1.25. The company has a debt-to-equity ratio of 63.75, a current ratio of 1.24 and a quick ratio of 8.86. The stock has a 50-day moving average of C$0.50 and a 200-day moving average of C$0.49.

Insider Transactions at Mirasol Resources

In related news, insider Glenn Pountney purchased 75,000 shares of Mirasol Resources stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of C$0.35 per share, with a total value of C$26,250.00. Following the completion of the transaction, the insider directly owned 15,426,000 shares of the company’s stock, valued at C$5,399,100. This represents a 0.49% increase in their position. Insiders purchased a total of 331,500 shares of company stock worth $153,045 over the last 90 days. 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.