Mandalay Resources Co. (OTCMKTS:MNDJF – Get Rating) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 77.3% from the March 31st total of 2,200 shares. Based on an average trading volume of 30,300 shares, the short-interest ratio is presently 0.0 days.
Separately, BMO Capital Markets reduced their price objective on shares of Mandalay Resources from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Friday, January 14th.
MNDJF stock traded up 0.07 during trading on Friday, hitting 2.77. 2,100 shares of the stock traded hands, compared to its average volume of 12,466. Mandalay Resources has a one year low of 1.43 and a one year high of 3.03. The stock has a 50 day moving average of 2.54.
Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. It explores for gold, silver, and antimony deposits. The company primarily holds 100% interests in the Costerfield gold-antimony mine located in Central Victoria, Australia; and the Björkdal gold mine located in Västerbotten County in northern Sweden.
- Get a free copy of the StockNews.com research report on Mandalay Resources (MNDJF)
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