Mirasol Resources (CVE:MRZ) Trading Down 21.4% – Here’s What Happened

Shares of Mirasol Resources Ltd. (CVE:MRZ) were down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.33. Approximately 565,363 shares were traded during mid-day trading, an increase of 1,098% from the average daily volume of 47,207 shares. The stock had previously closed at C$0.42.

Mirasol Resources Trading Up 3.0%

The company has a market capitalization of C$27.57 million, a P/E ratio of -2.85 and a beta of 1.48. The company has a debt-to-equity ratio of 2.23, a current ratio of 2.84 and a quick ratio of 8.86. The firm has a fifty day moving average price of C$0.38 and a 200-day moving average price of C$0.43.

Insider Activity

In other news, insider Glenn Pountney acquired 79,500 shares of Mirasol Resources stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of C$0.37 per share, with a total value of C$29,017.50. Insiders acquired a total of 290,000 shares of company stock valued at $106,540 over the last three months. 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.