Shares of Mirasol Resources Ltd. (CVE:MRZ – Get Free Report) reached a new 52-week low on Wednesday. The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 18,500 shares traded. The stock had previously closed at C$0.28.
Mirasol Resources Trading Down 3.5%
The company has a quick ratio of 8.86, a current ratio of 0.50 and a debt-to-equity ratio of -831.88. The business’s 50 day moving average is C$0.31 and its 200-day moving average is C$0.39. The firm has a market cap of C$24.36 million, a P/E ratio of -6.88 and a beta of 1.45.
Insider Buying and Selling
In related news, insider Glenn Pountney acquired 154,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was bought at an average cost of C$0.33 per share, with a total value of C$50,820.00. Following the acquisition, the insider directly owned 16,151,000 shares in the company, valued at approximately C$5,329,830. The trade was a 0.96% increase in their ownership of the stock. In the last 90 days, insiders have acquired 403,000 shares of company stock worth $129,160. Corporate insiders own 42.13% of the company’s stock.
Mirasol Resources Company Profile
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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