Mirasol Resources (CVE:MRZ) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Mirasol Resources Ltd. (CVE:MRZ)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.37 and traded as high as C$0.47. Mirasol Resources shares last traded at C$0.43, with a volume of 173,234 shares changing hands.

Mirasol Resources Stock Performance

The firm has a 50 day simple moving average of C$0.37 and a 200-day simple moving average of C$0.38. 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 company has a market cap of C$34.87 million, a price-to-earnings ratio of -3.31 and a beta of 1.72.

Insider Activity at Mirasol Resources

In other news, insider Glenn Pountney purchased 70,000 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average cost of C$0.37 per share, for a total transaction of C$25,900.00. Insiders acquired 193,500 shares of company stock worth $71,745 in the last ninety days. Company 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.