Mirasol Resources (CVE:MRZ) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

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$0.46 and traded as high as C$0.57. Mirasol Resources shares last traded at C$0.55, with a volume of 15,595 shares changing hands.

Mirasol Resources Stock Down 6.8 %

The stock has a market cap of C$38.35 million, a P/E ratio of -3.44 and a beta of 1.48. The firm has a 50 day simple moving average of C$0.46 and a 200-day simple moving average of C$0.44. The company has a quick ratio of 8.86, a current ratio of 4.20 and a debt-to-equity ratio of 2.50.

Mirasol Resources (CVE:MRZ) last released its quarterly earnings data on Monday, October 28th. The company reported C($0.03) EPS for the quarter.

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.