Mandalay Resources Corp. (TSE:MND) Director Sells C$27,920.00 in Stock

Mandalay Resources Corp. (TSE:MNDGet Rating) Director Amy Leanne Freedman sold 8,000 shares of the stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of C$3.49, for a total transaction of C$27,920.00. Following the sale, the director now directly owns 99,909 shares in the company, valued at approximately C$348,682.41.

TSE:MND remained flat at $C$3.69 during midday trading on Wednesday. The company had a trading volume of 31,199 shares, compared to its average volume of 36,059. Mandalay Resources Corp. has a 52-week low of C$1.82 and a 52-week high of C$3.86. The firm has a market cap of C$338.61 million and a price-to-earnings ratio of 4.99. The company has a debt-to-equity ratio of 28.18, a current ratio of 1.46 and a quick ratio of 0.98. The business’s 50-day simple moving average is C$2.94 and its two-hundred day simple moving average is C$2.57.

Mandalay Resources (TSE:MNDGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$91.91 million for the quarter. As a group, equities research analysts predict that Mandalay Resources Corp. will post 0.6 earnings per share for the current fiscal year.

Separately, BMO Capital Markets reaffirmed a “buy” rating and set a C$4.50 target price on shares of Mandalay Resources in a research note on Friday, February 18th.

About Mandalay Resources (Get Rating)

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden.

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