Mirasol Resources (CVE:MRZ) Stock Passes Above Fifty Day Moving Average – What’s Next?

Mirasol Resources Ltd. (CVE:MRZ)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.51 and traded as high as C$0.51. Mirasol Resources shares last traded at C$0.51, with a volume of 18,392 shares traded.

Mirasol Resources Stock Performance

The firm has a market capitalization of C$45.18 million, a P/E ratio of -7.29 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 8.86 and a debt-to-equity ratio of 63.75. The company has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.49.

Insider Activity at Mirasol Resources

In other news, insider Glenn Pountney bought 66,500 shares of Mirasol Resources stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of C$0.45 per share, for a total transaction of C$29,925.00. Following the purchase, the insider directly owned 14,931,000 shares in the company, valued at approximately C$6,718,950. This represents a 0.45% increase in their position. In the last three months, insiders bought 256,500 shares of company stock valued at $126,795. 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. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.