Mirasol Resources (CVE:MRZ) Shares Pass Above Fifty Day Moving Average of $0.49

Mirasol Resources Ltd. (CVE:MRZGet Rating)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.49 and traded as high as C$0.60. Mirasol Resources shares last traded at C$0.60, with a volume of 1,000 shares.

Mirasol Resources Stock Down 1.6 %

The stock has a market capitalization of C$32.42 million and a P/E ratio of -5.94. The company has a debt-to-equity ratio of 2.53, a current ratio of 12.19 and a quick ratio of 11.61. The stock’s fifty day moving average is C$0.49 and its two-hundred day moving average is C$0.57.

Mirasol Resources (CVE:MRZGet Rating) last issued its earnings results on Thursday, October 27th. The company reported C($0.03) earnings per share for the quarter.

Insider Activity at Mirasol Resources

In other news, insider Glenn Pountney purchased 563,000 shares of Mirasol Resources stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of C$42.00 per share, for a total transaction of C$23,646,000.00. Following the transaction, the insider now owns 6,122,000 shares in the company, valued at C$257,124,000. In other news, insider Glenn Pountney purchased 563,000 shares of Mirasol Resources stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of C$42.00 per share, for a total transaction of C$23,646,000.00. Following the transaction, the insider now owns 6,122,000 shares in the company, valued at C$257,124,000. Also, Director Patrick Charles Evans purchased 110,000 shares of Mirasol Resources stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average price of C$0.42 per share, with a total value of C$46,200.00. Following the transaction, the director now owns 2,060,587 shares in the company, valued at approximately C$865,446.54. In the last 90 days, insiders bought 729,000 shares of company stock worth $23,716,260.

About Mirasol Resources

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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 11,120 hectares located in northern Chile; and the Inca Gold that covers an area of 16,300 hectares located on the Paleocene belt of Chile.

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