Mandalay Resources (TSE:MND) Stock Passes Above Two Hundred Day Moving Average of $2.18

Mandalay Resources Corp. (TSE:MND) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.18 and traded as high as C$2.93. Mandalay Resources shares last traded at C$2.88, with a volume of 14,205 shares.

Mandalay Resources Price Performance

The company’s 50-day moving average is C$2.57 and its two-hundred day moving average is C$2.18. The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89. The firm has a market cap of C$268.13 million, a P/E ratio of 7.02 and a beta of 0.41.

Mandalay Resources (TSE:MND) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. The business had revenue of C$86.27 million during the quarter. Sell-side analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Transactions at Mandalay Resources

In other news, Director Abraham Jonker sold 36,124 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of C$2.58, for a total value of C$93,199.92. Company insiders own 1.17% of the company’s stock.

About Mandalay Resources

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.