Mirasol Resources (CVE:MRZ) Stock Passes Above 50-Day Moving Average – Should You Sell?

Mirasol Resources Ltd. (CVE:MRZ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.37 and traded as high as C$0.39. Mirasol Resources shares last traded at C$0.37, with a volume of 68,000 shares.

Mirasol Resources Trading Down 5.1%

The company has a fifty day simple moving average of C$0.37 and a 200-day simple moving average of C$0.43. The company has a current ratio of 2.84, a quick ratio of 8.86 and a debt-to-equity ratio of 2.23. The stock has a market cap of C$30.01 million, a price-to-earnings ratio of -3.10 and a beta of 1.48.

Insider Buying and Selling

In other Mirasol Resources news, insider Glenn Pountney purchased 79,500 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of C$0.37 per share, with a total value of C$29,017.50. In the last 90 days, insiders bought 341,500 shares of company stock valued at $131,325. Company 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.